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 certain active pharmaceutical ingredients (APIs), especially those targeting neurological and inflammatory conditions. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its structure allows for further functionalization, making it a versatile building block in organic synthesis. Researchers also explore its potential in material science, particularly in the design of advanced polymers and coatings.