Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting various diseases. Additionally, it is employed in the research and development of herbicides and pesticides, contributing to advancements in crop protection and agricultural efficiency. Its unique properties also make it suitable for use in material science, particularly in the synthesis of specialized polymers and coatings.