Used primarily in organic synthesis, it serves as a key intermediate in the production of liquid crystal compounds, which are essential for display technologies like LCDs. It is also employed in the preparation of pharmaceuticals and agrochemicals, where its reactivity with nucleophiles facilitates the formation of amides, esters, and other derivatives. Additionally, it finds application in the synthesis of specialty polymers and coatings, contributing to their unique properties. Its role in creating complex organic molecules makes it valuable in research and industrial chemistry.