Used primarily as a chemical intermediate in organic synthesis, this compound plays a key role in the production of various pharmaceuticals and agrochemicals. Its application extends to the development of specialty chemicals, where it acts as a building block for more complex molecules. Additionally, it is utilized in the synthesis of polymers and coatings, contributing to the enhancement of material properties such as durability and resistance. In research and development, it serves as a reagent for creating novel compounds with potential industrial and medical applications.