Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly effective in the development of active pharmaceutical ingredients (APIs) due to its reactive functional groups, which facilitate the formation of complex molecular structures. Additionally, it finds application in material science, where it is used to modify surfaces and create specialized coatings with enhanced properties. Its versatility also extends to agrochemical research, aiding in the synthesis of novel pesticides and herbicides.