This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, where it serves as a key intermediate. It is particularly valuable in the production of active pharmaceutical ingredients (APIs) for drugs targeting specific diseases, including anti-inflammatory and anti-cancer agents. Additionally, it is employed in the development of agrochemicals, such as herbicides and pesticides, due to its ability to introduce functional groups that enhance biological activity. In material science, it is used to create specialized polymers and coatings with unique properties, such as improved durability or chemical resistance. Its reactivity also makes it a useful building block in organic synthesis for constructing complex molecules in research and industrial applications.