This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of fine chemicals and specialty materials. It serves as a key intermediate in the development of liquid crystals, which are essential components in displays for electronic devices like LCD screens. Additionally, it is used in the pharmaceutical industry for the creation of drug molecules, where its structural properties contribute to the desired pharmacological activity. In material science, it plays a role in the formulation of advanced polymers and coatings, enhancing their performance and durability. Its applications also extend to research and development, where it is employed in studying chemical reactions and developing new synthetic pathways.