Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its reactive functional groups make it valuable for constructing complex molecules, particularly in the development of inhibitors and bioactive compounds. Additionally, it plays a role in the synthesis of fluorinated organic compounds, which are important in medicinal chemistry due to their enhanced stability and bioavailability. Its applications also extend to materials science, where it contributes to the creation of specialized polymers and coatings with unique properties.