Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of active ingredients for medications targeting inflammatory and neurological disorders. Additionally, it is employed in the creation of liquid crystal materials, which are essential for display technologies. In research, it acts as a building block for constructing complex organic molecules, aiding in the study of chemical reactions and material properties. Its versatility makes it a key component in advancing both industrial and scientific applications.