This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require complex molecular structures. Its reactive functional groups make it suitable for constructing various heterocyclic compounds, which are often found in drugs targeting specific diseases. Additionally, it is employed in agrochemical research for developing novel pesticides and herbicides, where its structural properties contribute to the efficacy and stability of the final product. In material science, it is used in the synthesis of specialty chemicals that enhance the performance of coatings, adhesives, and polymers. Its application in these fields highlights its importance in advancing both industrial and scientific innovations.