Used in organic synthesis as an intermediate for producing pharmaceuticals and agrochemicals. It serves as a key building block in the development of complex molecules, particularly in the creation of active pharmaceutical ingredients (APIs). The compound is also employed in the synthesis of liquid crystals, which are essential components in display technologies like LCDs. Additionally, it finds application in materials science for designing advanced polymers and coatings with specific functional properties. Its structure allows for further chemical modifications, making it versatile in research and industrial processes.