This compound is primarily utilized in organic synthesis and material science. It serves as a key intermediate in the production of specialized polymers and coatings, where its unique structure contributes to enhanced durability and performance. Additionally, it is employed in the development of advanced lubricants, improving thermal stability and reducing friction in high-stress applications. Its role in pharmaceutical research includes acting as a precursor for bioactive molecules, aiding in the creation of novel therapeutic agents. The compound's versatility also extends to agricultural chemistry, where it is used in formulating agrochemicals that improve crop protection and yield.