This chemical is primarily used in organic synthesis, particularly as an intermediate in the production of more complex chemical compounds. It finds application in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it is utilized in the synthesis of polymers and specialty chemicals, contributing to the creation of materials with specific properties. In research, it is often employed in studies related to polymerization reactions and the development of novel organic molecules. Its unique structure makes it valuable in creating compounds with potential applications in materials science and medicinal chemistry.