Used in the synthesis of various pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. It serves as a key intermediate in the production of agrochemicals, including pesticides and herbicides, due to its ability to modify biological activity. Additionally, it is employed in organic chemistry research for the creation of complex molecules, aiding in the study of chemical reactions and mechanisms. Its applications also extend to material science, where it is utilized in the development of specialized polymers and coatings.