This compound is primarily utilized in the synthesis of organic intermediates, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key building block in the creation of complex molecules, often used in the development of active pharmaceutical ingredients (APIs). Additionally, it finds application in the fragrance industry, where it contributes to the formulation of aromatic compounds due to its distinct chemical structure. Its role in research and development is also notable, as it aids in the study of chemical reactions and the design of novel compounds with potential therapeutic or industrial uses.