This chemical is primarily utilized in organic synthesis and industrial applications. It serves as a key intermediate in the production of specialty chemicals, including lubricants, plasticizers, and synthetic resins. Its structure makes it suitable for polymerization processes, contributing to the development of high-performance materials. Additionally, it is used in research laboratories for studying reaction mechanisms and developing novel organic compounds. In the petrochemical industry, it plays a role in refining processes and enhancing fuel properties. Its versatility also extends to the creation of fragrances and flavoring agents in the cosmetic and food industries.