Used primarily as a chemical intermediate in the production of various organic compounds. It plays a role in synthesizing pharmaceuticals, particularly in the creation of certain types of drugs and active pharmaceutical ingredients. Additionally, it is utilized in the manufacture of rubber chemicals, where it acts as a stabilizer or accelerator in the vulcanization process. In industrial applications, it serves as a precursor for the development of specialty chemicals, including those used in coatings and adhesives. Its properties also make it suitable for research and development purposes in organic chemistry laboratories.