This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of anti-inflammatory and anti-cancer drugs, where it is used to create active ingredients or modify existing molecules to enhance their therapeutic properties. Additionally, it finds application in the production of agrochemicals, contributing to the synthesis of pesticides or herbicides that improve crop protection. Its reactive functional groups make it suitable for use in polymer chemistry, aiding in the creation of specialized materials with tailored properties. The compound’s ability to act as a building block in chemical reactions makes it valuable in research and industrial processes.