This chemical is widely used as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a key role in the production of fine chemicals and active pharmaceutical ingredients (APIs), where its structure is utilized to build complex molecules. Additionally, it is employed in the development of specialty chemicals, including fragrances and flavors, due to its ability to act as a precursor in reactions that yield aromatic compounds. Its application extends to polymer chemistry, where it serves as a monomer or cross-linking agent in the creation of specialized resins and coatings.