This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a key role in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its structure allows it to act as a building block for creating compounds with potential biological activity, such as anti-inflammatory, antiviral, or antimicrobial agents. Additionally, it is utilized in research and development for designing new molecules with specific properties. Its applications also extend to material science, where it can be incorporated into polymers or coatings to enhance performance characteristics.