This compound is primarily utilized in the synthesis of various organic intermediates, particularly in the pharmaceutical and agrochemical industries. It serves as a key building block for the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its structure allows for further functionalization, making it valuable in the development of compounds with potential therapeutic or pesticidal properties. Additionally, it is employed in research and development for creating novel molecules with specific biological activities. Its applications also extend to material science, where it may be used in the synthesis of advanced polymers or coatings.