This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in material science for the creation of advanced polymers and coatings, where its specific chemical properties contribute to enhanced durability and performance. In research, it is often used as a building block in the study of chemical reactions and mechanisms, aiding in the discovery of new synthetic pathways.