This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a significant role in the production of complex molecules, particularly in the pharmaceutical and agrochemical industries. Its sulfonyl and ester functional groups make it a valuable building block for creating compounds with specific biological activities. Additionally, it is employed in the development of specialty chemicals, including dyes and polymers, where its reactivity allows for the introduction of specific functional groups into target molecules. Its application extends to research and development, where it is utilized in the study of reaction mechanisms and the synthesis of novel organic compounds.