This chemical is primarily used in the field of organic synthesis, where it serves as a versatile intermediate for the production of various compounds. It is particularly valuable in the development of pharmaceuticals, where it can be incorporated into the structure of active ingredients to enhance their efficacy or stability. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides that help protect crops from pests and diseases. Its role in polymer chemistry is also notable, as it can be utilized in the modification of polymers to improve their properties, such as durability or flexibility. Furthermore, it is employed in research and development laboratories for the study of chemical reactions and the creation of novel materials with potential industrial applications.