This chemical is primarily used as an intermediate in the synthesis of various organic compounds. It plays a significant role in the production of pharmaceuticals, where it is utilized in the development of active pharmaceutical ingredients (APIs) and other drug-related substances. Additionally, it finds application in the preparation of specialty chemicals, including those used in the manufacturing of dyes, pigments, and agrochemicals. Its reactive sites make it valuable for creating polymers and coatings with specific properties, such as enhanced durability or flexibility. In research and development, it serves as a building block for exploring new chemical entities and materials. Its versatility and functional groups make it a useful component in diverse industrial and scientific applications.