Used primarily in the synthesis of pharmaceuticals, it acts as an intermediate in the production of active pharmaceutical ingredients (APIs). Its structure is beneficial in creating compounds with specific biological activities, particularly in developing drugs that target neurological and cardiovascular diseases. Additionally, it finds application in the field of organic chemistry as a protecting group for amines during complex chemical reactions, ensuring selective transformations. In polymer chemistry, it contributes to the development of specialized resins and coatings, enhancing durability and performance. Its versatility also extends to agrochemical research, where it aids in formulating advanced pesticides and herbicides.