This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a versatile intermediate in the production of active pharmaceutical ingredients (APIs) and other fine chemicals. Its structure allows for further functionalization, making it valuable in the development of compounds with potential therapeutic or pesticidal properties. Additionally, it is used in research and development for creating novel molecules with specific biological activities. Its application extends to the field of material science, where it can be incorporated into polymers or coatings to modify their properties.