This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of specialty chemicals and intermediates for pharmaceuticals. It serves as a key building block in the production of complex molecules, often contributing to the creation of active pharmaceutical ingredients (APIs) with specific therapeutic properties. Additionally, it is employed in the formulation of certain polymers and resins, where its unique structure enhances material properties such as flexibility and adhesion. Its application extends to the field of agrochemicals, where it is used in the development of crop protection agents. The compound's versatility also makes it valuable in research and development for exploring new chemical reactions and pathways.