This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex pharmaceutical compounds. Its unique structure allows it to participate in various catalytic reactions, enhancing the efficiency of drug development processes. Additionally, it is employed in the creation of specialized polymers that exhibit high thermal stability and mechanical strength, making it valuable in advanced material science applications. Researchers also explore its potential in the development of novel agrochemicals, aiming to improve crop protection and yield. Its versatility and reactivity make it a crucial component in both industrial and academic research settings.