This chemical is primarily used in the synthesis of advanced organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of specialty chemicals, where its unique structure allows for the creation of complex molecules with specific biological activities. Additionally, it is utilized in research and development for designing and optimizing new drug candidates, particularly in the fields of anti-inflammatory and anti-cancer therapies. Its application extends to material science, where it contributes to the development of novel polymers and coatings with enhanced properties.