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 in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its structure allows it to act as a precursor in the development of compounds with potential therapeutic properties, such as anti-inflammatory or antimicrobial agents. Additionally, it is employed in research and development for creating novel chemical entities with specific biological activities. Its applications also extend to material science, where it can be used in the design of advanced polymers or coatings with tailored properties.