Used primarily as an intermediate in organic synthesis, this chemical plays a key role in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of compounds with potential biological activity, such as inhibitors and receptor antagonists. Additionally, it is employed in the development of advanced materials, including polymers and coatings, where its phosphonate group enhances properties like adhesion and durability. Its versatility also extends to research applications, where it is utilized in the study of phosphonate chemistry and the development of novel synthetic pathways.