This chemical is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure allows it to serve as a building block in the development of compounds with potential therapeutic properties, particularly in the creation of drugs targeting neurological and inflammatory conditions. Additionally, it finds application in organic synthesis, where it is utilized to produce complex molecules for research and development purposes. In material science, it is employed in the preparation of specialized polymers and coatings that require specific chemical functionalities. Its role in these fields underscores its importance in advancing both medical and industrial innovations.