Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of complex molecules, often utilized in the synthesis of active pharmaceutical ingredients (APIs) for therapeutic drugs. Additionally, it finds application in material science, where it contributes to the creation of specialized polymers and coatings with enhanced properties. Its role in research and development is significant, aiding in the exploration of new chemical reactions and pathways.