This chemical is primarily utilized in organic synthesis, particularly as an intermediate in the production of more complex molecules. It is often employed in pharmaceutical research for the development of new drugs, where its structure can be modified to create biologically active compounds. Additionally, it serves as a building block in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its unique properties also make it useful in material science, where it can be incorporated into polymers or other advanced materials to enhance specific characteristics.