This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its structure makes it a valuable intermediate in the creation of drugs targeting neurological disorders, as it can influence neurotransmitter activity. Additionally, it is employed in organic synthesis to produce compounds with anti-inflammatory or analgesic properties. Its stability and reactivity also make it suitable for use in the preparation of advanced materials, such as polymers with specific mechanical or thermal properties. In research, it serves as a building block for exploring new chemical entities with potential applications in medicine and material science.