Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). It is also employed in the manufacture of agrochemicals, contributing to the development of herbicides and pesticides. In the field of polymer chemistry, it acts as a monomer or precursor for specialty polymers with specific properties. Additionally, it finds application in the synthesis of fine chemicals and dyes, where its reactivity and structure are advantageous. Its role in research and development spans across various industries, including material science and biotechnology.