This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of more complex chemical compounds. It finds application in the pharmaceutical industry where it serves as a building block for the synthesis of various active pharmaceutical ingredients (APIs). Additionally, it is utilized in the development of specialty chemicals, including surfactants and polymers, which are essential in industries such as agriculture, coatings, and personal care. Its role in facilitating specific chemical reactions makes it valuable in research and development laboratories for creating novel materials and compounds.