This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, where its structure can be modified to create active ingredients for various therapeutic applications. Additionally, it serves as a building block in the synthesis of specialty chemicals, including polymers and agrochemicals, where its unique properties contribute to the desired functionality of the final product. In research settings, it is used to study chemical reactions and mechanisms, particularly those involving ether and aromatic compounds. Its role in these processes highlights its importance in advancing both industrial and academic chemistry.