Primarily utilized in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its unique structure allows for the development of drugs targeting specific biological pathways, particularly in anti-inflammatory and analgesic medications. Additionally, it is employed in agrochemical research for creating herbicides and pesticides, leveraging its chemical properties to enhance efficacy and selectivity. In material science, it contributes to the development of advanced polymers and coatings, offering improved durability and performance. Its role in organic synthesis also extends to the creation of complex molecules for research and industrial applications.