This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It serves as a key building block in the preparation of specialty chemicals, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in creating derivatives with specific biological or chemical properties. Additionally, it is employed in research settings for studying reaction mechanisms and developing novel synthetic pathways. Its applications extend to material science, where it can be used to modify polymers or create advanced materials with tailored properties.