This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure allows it to participate in reactions that form complex molecules, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is employed in the creation of advanced materials, such as polymers and coatings, where its properties contribute to enhanced durability and performance. Researchers also explore its potential in agrochemical formulations, aiming to improve the efficacy and stability of crop protection products. Its versatile nature makes it a significant component in both industrial and academic research settings.