This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its unique structure, which allows it to act as a building block for more complex molecules. It is often employed in the development of compounds with potential antibacterial, antifungal, and anti-inflammatory properties. Additionally, it finds use in the production of rubber accelerators, where it enhances the vulcanization process, improving the durability and elasticity of rubber products. Its application in material science includes its role as a precursor in the creation of advanced polymers and coatings, offering enhanced performance characteristics.