This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure makes it valuable for constructing complex molecular frameworks, especially in the development of bioactive compounds. It is also employed in polymer chemistry, where it serves as a monomer for creating specialized polymers with unique properties, such as enhanced thermal stability or specific reactivity. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of pesticides or herbicides. Its versatility in chemical reactions makes it a useful building block in various industrial and research applications.