This chemical is primarily used in the field of organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of complex molecules due to its unique structure, which allows for further functionalization. Its application extends to the synthesis of potential drug candidates, where it contributes to the creation of compounds with specific biological activities. Additionally, it is utilized in research and development for designing new materials with tailored properties, particularly in the field of advanced polymers and coatings. Its role in these processes highlights its importance in industrial and scientific applications.