Primarily used as an intermediate in organic synthesis, this chemical plays a crucial role in the production of various specialty chemicals. It is often employed in the manufacture of flame retardants, contributing to the safety of materials by reducing their flammability. Additionally, it serves as a building block in the synthesis of pharmaceuticals, where it helps in creating complex molecular structures. Its application extends to the field of agrochemicals, where it is utilized in the development of pesticides and herbicides, aiding in crop protection. The compound's reactivity also makes it valuable in research and development for creating novel compounds with potential industrial or commercial use.