This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as those targeting neurological disorders. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. The compound's unique chemical framework also makes it a candidate for research in material science, where it can be used to develop novel polymers with specific properties. Its versatility in these applications underscores its importance in both industrial and academic research settings.