This compound is primarily utilized in organic synthesis as a building block for the production of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of certain drugs targeting neurological and inflammatory conditions. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its structural properties make it valuable in coordination chemistry, where it acts as a ligand in the formation of metal complexes. Furthermore, it is explored in material science for the development of polymers and coatings with specific functional properties.