This chemical serves as an intermediate in the synthesis of complex organic compounds, particularly in the production of specialty chemicals for the pharmaceutical industry, where it acts as a building block for active pharmaceutical ingredients (APIs) and drug intermediates. It is also used in the development of plasticizers to enhance the flexibility and processability of polymers. In materials science, it contributes to improving the properties of plastics, such as durability. Furthermore, it plays a role in organic chemistry research for exploring reaction mechanisms and developing new synthetic routes.