This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure is particularly valuable in the development of drugs that target specific biological pathways, such as inhibitors for certain enzymes or receptors. Additionally, it finds application in the creation of agrochemicals, contributing to the synthesis of compounds that enhance crop protection and yield. Its versatility also extends to materials science, where it can be incorporated into the design of advanced polymers or coatings with specialized properties.