This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It serves as a key building block in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is employed in the creation of specialty chemicals used in research and development, where its unique structure aids in the study of novel reactions and mechanisms. Its application extends to material science, where it contributes to the design of advanced polymers and coatings with tailored properties.