Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the creation of compounds with potential biological activity, such as antiviral, antibacterial, antifungal, and anticancer agents. Additionally, it is employed in materials science for the design of polymers and coatings with specific properties, including enhanced durability and chemical resistance. Its role in click chemistry reactions makes it valuable for creating precise molecular structures in research and industrial applications.