This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceutical compounds. It serves as a key building block in the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of drugs targeting neurological and cardiovascular systems. Additionally, it is employed in the preparation of specialty chemicals used in research and development, aiding in the study of chemical reactions and molecular structures. Its application extends to the field of material science, where it contributes to the creation of advanced polymers and coatings with specific functional properties.