This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and organic compounds. It plays a role in the production of active pharmaceutical ingredients (APIs) where its functional groups are utilized for further chemical modifications. Additionally, it is employed in the development of specialty chemicals, including polymers and coatings, where its reactivity is leveraged to create desired properties in the final product. In industrial applications, it can be used as a building block for creating complex molecules in agrochemicals and dyes. Its versatility makes it valuable in research and development for exploring new chemical reactions and pathways.