This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It plays a role in the synthesis of various active pharmaceutical ingredients (APIs) due to its reactive functional groups, which allow for further chemical modifications. Additionally, it is utilized in the development of agrochemicals, contributing to the creation of pesticides or herbicides. Its application extends to the field of polymers, where it can be involved in the production of specialized coatings or resins. The compound’s versatility makes it valuable in research and industrial processes requiring precise chemical transformations.