This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It serves as a key building block in the development of pharmaceuticals, where it is often incorporated into drug molecules to enhance their stability or bioavailability. Additionally, it is used in the creation of fragrances and flavoring agents due to its structural properties that can contribute to unique aromatic profiles. In material science, it finds application in the formulation of polymers and resins, where it can improve the mechanical and thermal properties of the final product. Its versatility also extends to agrochemical research, where it is employed in the development of novel pesticides and herbicides.