Used in organic synthesis as a building block for creating more complex chemical structures. It is particularly valuable in the development of pharmaceuticals, where it can serve as an intermediate in the production of active pharmaceutical ingredients (APIs). The compound's structure allows for modifications that can lead to the creation of molecules with potential therapeutic properties. Additionally, it is employed in the field of material science for the synthesis of novel organic materials. Its unique chemical framework can contribute to the development of polymers or coatings with specific properties, such as enhanced durability or chemical resistance. In research settings, it is utilized to study chemical reactions and mechanisms, aiding in the discovery of new synthetic pathways. Its reactivity and functional groups make it a versatile reagent in experimental chemistry.