Used primarily as a reagent in organic synthesis, it facilitates the formation of complex molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various drugs, including antibiotics and antivirals. Additionally, it is employed in the development of agrochemicals, contributing to the synthesis of herbicides and pesticides. Its role in creating specialty chemicals for coatings and adhesives is also notable, enhancing product performance and durability. In research, it is utilized for modifying biomolecules, aiding in the study of biochemical processes.