This chemical is primarily utilized in the field of organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the production of pharmaceuticals, where its unique structure allows for the creation of compounds with potential therapeutic properties. Additionally, it is employed in the synthesis of advanced materials, contributing to the development of polymers and coatings with specialized characteristics. Its role in research and development is significant, as it aids in the exploration of new chemical reactions and pathways, facilitating innovation in various scientific domains.