This chemical is primarily used in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and neurological conditions. Its structure allows for the introduction of functional groups that are essential for biological activity. Additionally, it is utilized in research and development for creating novel therapeutic agents and studying chemical reactions in organic chemistry. Its application extends to the field of material science, where it contributes to the development of advanced polymers and coatings with specific properties.