Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of active ingredients for medications targeting inflammation and other chronic conditions. Additionally, it finds application in material science, where it is utilized in the creation of advanced polymers and liquid crystals, which are essential for display technologies. Its versatility also extends to research settings, where it is employed in studies related to organic chemistry and molecular design.