This chemical is primarily used as an intermediate in the synthesis of various organic compounds. It plays a significant role in the production of specialty chemicals, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, enabling the creation of active ingredients in drugs or crop protection agents. Additionally, it is utilized in the manufacturing of polymers and resins, where it contributes to the modification of material properties, such as flexibility, durability, and chemical resistance. Its application is often found in research and industrial settings, where precise chemical reactions are required to achieve specific product outcomes.