Widely used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the development of active compounds, particularly in the synthesis of drugs targeting neurological disorders and cancer. Additionally, it is employed in the preparation of specialty chemicals and fine chemicals, where its unique substitution pattern allows for selective reactions and functional group transformations. Its applications also extend to materials science, where it is utilized in the synthesis of advanced polymers and coatings.