This compound is primarily utilized in the field of organic synthesis, where it serves as an intermediate for the production of more complex chemical structures. It is particularly valuable in the development of liquid crystals, which are essential components in display technologies such as LCD screens. Additionally, it finds application in the synthesis of pharmaceuticals, where it contributes to the creation of active pharmaceutical ingredients (APIs) with specific therapeutic properties. Its role in polymer chemistry is also noteworthy, as it can be used to modify the properties of polymers, enhancing their stability and performance in various industrial applications.