This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the creation of compounds with potential biological activity. Researchers explore its use in designing drugs that target specific enzymes or receptors, owing to its ability to interact with biological systems in a controlled manner. Additionally, it finds application in material science, where it contributes to the synthesis of advanced polymers and organic electronic materials. Its incorporation into these materials can enhance their stability, conductivity, or other desired properties, making it a versatile component in innovative technological applications.