This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its unique structure allows it to participate in reactions that form complex molecules, particularly those used in drug development. Additionally, it is employed in the creation of agrochemicals, contributing to the synthesis of pesticides and herbicides. The compound is also of interest in materials science, where it is used to develop specialized polymers and coatings with specific properties. Its role in these applications underscores its importance in advancing both medicinal and industrial chemistry.