This chemical is primarily used as an intermediate in the synthesis of various organic compounds. It plays a significant role in the production of specialty chemicals, including polymers and resins, where it acts as a building block for creating complex structures. Additionally, it is utilized in the formulation of coatings and adhesives, contributing to their performance and durability. In the pharmaceutical industry, it serves as a precursor in the development of active pharmaceutical ingredients (APIs), aiding in the synthesis of specific drug molecules. Its versatility also extends to agrochemicals, where it is involved in the creation of pesticides and herbicides, enhancing their effectiveness.