Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and anti-inflammatory agents. It plays a role in the production of chiral ligands for asymmetric catalysis, enhancing the efficiency of chemical reactions in organic synthesis. Additionally, it is utilized in the preparation of agrochemicals, contributing to the development of pesticides and herbicides. Its structural properties make it valuable in material science for creating advanced polymers and coatings with specific functional characteristics.