Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting neurological and inflammatory conditions. Its role in creating complex organic compounds is crucial for developing active pharmaceutical ingredients. Additionally, it finds application in material science, where it contributes to the development of advanced polymers and coatings with specific optical and mechanical properties. Its versatility also extends to agrochemical research, aiding in the formulation of new pesticides and herbicides.