Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure allows it to act as a building block for compounds with potential therapeutic effects, particularly in the development of antihistamines and anti-inflammatory drugs. Additionally, it finds application in agrochemical research, where it is utilized to create pesticides and herbicides due to its reactivity and ability to form stable derivatives. In material science, it is employed in the preparation of specialty chemicals and polymers, contributing to the development of advanced materials with specific properties. Its versatility in organic synthesis makes it valuable in research and industrial settings.