This chemical is primarily used in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it a valuable intermediate in the production of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is employed in the creation of corrosion inhibitors, which are essential in protecting metal surfaces in industrial applications. The compound also finds use in research and development as a building block for designing novel molecules with potential therapeutic or industrial applications. Its stability and reactivity make it a versatile component in organic chemistry and material science.