This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a key role in the production of polymers and resins, where it contributes to the formation of flexible and durable materials. Additionally, it is utilized in the synthesis of pharmaceutical compounds, particularly in the development of prodrugs that require controlled release mechanisms. Its application extends to the field of adhesives and coatings, where it enhances the performance and stability of the final products. In research, it serves as a building block for creating complex organic molecules, aiding in the study of chemical reactions and material properties.