Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It is also employed in the production of agrochemicals, where it serves as a building block for creating compounds with herbicidal or pesticidal properties. Additionally, it finds use in material science for the development of specialty chemicals and advanced materials, including liquid crystals and polymers. Its unique structure allows for selective functionalization, making it valuable in organic synthesis and research.