This chemical is primarily utilized in organic synthesis as a versatile reagent. It serves as a key intermediate in the production of various pharmaceuticals, particularly in the synthesis of compounds with therapeutic properties. Additionally, it is employed in the manufacturing of specialty chemicals, including polymers and agrochemicals, where it acts as a building block for more complex structures. Its role in cross-linking reactions makes it valuable in the development of advanced materials with specific mechanical and chemical properties. In research and development, it is often used to study reaction mechanisms and to create novel compounds with potential industrial applications.