This compound is primarily utilized in the synthesis of various organic intermediates and fine chemicals. It serves as a key building block in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) where its structure allows for the introduction of functional groups that are essential for biological activity. Additionally, it finds application in the agrochemical industry for the creation of pesticides and herbicides, leveraging its reactivity to form compounds that target specific pests or weeds. Its stability and reactivity also make it suitable for use in polymer chemistry, where it can be incorporated into resins and coatings to enhance their properties.