This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. Its bifunctional structure allows it to act as a building block in the creation of complex molecules, often serving as a linker or spacer in drug development. Additionally, it finds application in the formulation of specialty chemicals, where its unique properties contribute to the stability and efficacy of the final product. In industrial settings, it may also be employed in the preparation of polymers or coatings, enhancing their performance characteristics.