Used primarily as an intermediate in the synthesis of more complex chemical compounds, particularly in the pharmaceutical and agrochemical industries. Its unique structure allows it to participate in various substitution reactions, making it valuable for creating specialized molecules. It is also employed in the production of liquid crystals, which are essential components in display technologies like LCDs. Additionally, it serves as a building block in the development of advanced materials, including polymers and coatings, due to its stability and reactivity.