This compound is primarily utilized in the synthesis of advanced materials and specialty chemicals. It serves as a key intermediate in the production of liquid crystal displays (LCDs), contributing to the development of high-performance electronic screens. Additionally, it is employed in the pharmaceutical industry for the creation of novel drug candidates, particularly those targeting neurological and metabolic disorders. Its unique structure also makes it valuable in organic synthesis for constructing complex molecules with specific functional properties. In agrochemical research, it is explored for developing new pesticides and herbicides with enhanced efficacy and environmental safety.