This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various chemical intermediates. It is often employed in the development of pharmaceuticals, where its structure can be incorporated into more complex molecules to enhance their biological activity or stability. Additionally, it serves as a useful reagent in the modification of polymers and coatings, improving their adhesion properties or resistance to environmental factors. Its application extends to the field of agrochemicals, where it is used in the synthesis of compounds that protect crops from pests or diseases. The compound’s unique structure also makes it valuable in research settings for studying reaction mechanisms or developing new synthetic methodologies.