This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target neurological and cardiovascular disorders. Additionally, it is employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. In material science, it is used in the synthesis of advanced polymers and coatings, improving durability and performance. Its role in research and development is significant, aiding in the exploration of new chemical entities and potential therapeutic agents.