Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. In material science, it plays a role in the development of specialty polymers and coatings, enhancing properties like durability and resistance. Additionally, it finds application in research laboratories for studying reaction mechanisms and developing novel chemical processes.