Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure allows it to participate in reactions that form complex molecules, making it valuable in the development of drugs and bioactive compounds. Additionally, it is employed in the synthesis of specialty polymers and materials, where its unique properties contribute to the creation of advanced products with specific functionalities. In research, it is utilized to study reaction mechanisms and develop new synthetic pathways, aiding in the discovery of innovative chemical processes.