This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it serves as a building block in the creation of specialty chemicals, including dyes, pigments, and polymers, where its specific structure contributes to desired properties such as stability or reactivity. In research settings, it is used to study chemical reactions and mechanisms, aiding in the discovery of new materials or drugs. Its applications are driven by its functional groups, which allow for versatile chemical modifications.