Used in the synthesis of polymers and resins, it acts as a building block for creating materials with specific mechanical and thermal properties. It is also employed in the production of pharmaceuticals, where it serves as an intermediate in the development of active compounds. Additionally, it finds application in organic synthesis, particularly in the preparation of heterocyclic compounds, which are valuable in various chemical industries. Its role in the development of biodegradable plastics highlights its importance in sustainable material research.