Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form more complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in the synthesis of specialty chemicals, where its specific functional groups enable the creation of tailored compounds for research and industrial applications. Its role in the synthesis of liquid crystals is also noteworthy, contributing to advancements in display technologies.