This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of various therapeutic agents, including anti-inflammatory and anti-cancer drugs. Its structural properties make it suitable for modifying and enhancing the biological activity of drug molecules. Additionally, it finds application in agrochemical research for creating novel pesticides and herbicides. In material science, it is used in the production of specialty polymers and coatings, contributing to improved durability and performance. Its versatility in chemical reactions makes it valuable in academic and industrial research for exploring new synthetic pathways.