This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it a valuable intermediate in creating molecules with potential biological activity. It is often employed in medicinal chemistry for designing and optimizing drug candidates, especially those targeting specific enzymes or receptors. Additionally, it can be used in material science for the preparation of specialized polymers or coatings with unique properties. Its versatility in organic synthesis makes it a key component in research and industrial applications.