Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of antihistamines and other therapeutic agents targeting allergic reactions. Additionally, it finds application in the creation of specialized polymers and resins, where its chemical structure contributes to enhanced material properties. Researchers also utilize it in the study of biochemical pathways and receptor interactions, aiding in the discovery of new drugs. Its role in these processes underscores its importance in both industrial and academic settings.