Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex molecules. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) for therapeutic drugs. Additionally, it finds application in material science, where it contributes to the synthesis of advanced polymers and coatings with specialized properties. The compound’s reactivity and stability also make it suitable for research in chemical catalysis and the development of novel organic reactions.