Used in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It serves as a key intermediate in the production of compounds with potential antibacterial, antifungal, or anti-inflammatory properties. Additionally, it is employed in agrochemical research for creating novel pesticides or herbicides. Its unique structure allows for further chemical modifications, making it valuable in organic synthesis and material science for designing specialized polymers or coatings.