Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and cardiovascular diseases. Its structure allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides, leveraging its reactivity to form compounds with specific biological activities. In material science, it contributes to the synthesis of advanced polymers and coatings, enhancing properties like durability and chemical resistance. Its versatility in chemical reactions also makes it useful in academic and industrial research for exploring new synthetic pathways and methodologies.