This compound is primarily utilized in the synthesis of various organic molecules, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the development of drugs. Additionally, it is employed in the creation of specialty polymers and resins, where its unique structure contributes to the desired properties of the final material. In the food industry, it is sometimes used as a flavoring agent or additive due to its ability to impart a distinct taste profile or improve product quality. It also finds applications in cosmetic formulations, where it acts as a stabilizer or enhancer for certain active ingredients.