Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure allows for the development of complex molecules, particularly in the creation of active ingredients for medications targeting neurological and inflammatory conditions. Additionally, it is utilized in research for developing new materials with specific electronic or photonic properties, contributing to advancements in material science. In the agrochemical sector, it aids in the synthesis of compounds that enhance crop protection and yield. Its versatility makes it valuable in both industrial and academic settings for innovative chemical applications.