This compound is primarily utilized in the synthesis of various organic molecules, particularly in the development of pharmaceuticals and fine chemicals. It serves as a key intermediate in the production of antiviral and antibacterial agents, contributing to the creation of drugs that combat infections. Additionally, it is employed in the preparation of complex natural products and bioactive compounds, aiding in research and development within medicinal chemistry. Its unique structure also makes it valuable in the synthesis of specialty chemicals used in agrochemicals, helping to develop crop protection products. Furthermore, it finds application in material science for the creation of advanced polymers and coatings with specific properties.