Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as inhibitors or modulators for specific enzymes or receptors. Additionally, it finds application in material science, where it contributes to the synthesis of polymers and specialty chemicals with tailored properties. Its tert-butyl group enhances steric hindrance, making it useful in reactions requiring selective transformations.