Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and specialty chemicals. Its structure allows it to participate in reactions that form complex molecules, making it valuable in drug development. Additionally, it is utilized in the creation of polymers and coatings, where it contributes to the enhancement of material properties such as flexibility and durability. In research, it is often employed in studies focused on understanding amide and ester reactivity, aiding in the development of new synthetic methodologies.