This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its unique structure allows it to participate in reactions that form complex cyclic compounds, which are often found in drugs targeting specific biological pathways. Additionally, it is used in agrochemical research to develop new pesticides and herbicides, leveraging its reactivity to create molecules with desired biological activities. In material science, it contributes to the development of specialty polymers and coatings, enhancing properties like durability and chemical resistance. Its role in these applications underscores its importance in advancing both health-related and industrial innovations.