This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of antifungal and antibacterial agents. Additionally, it is utilized in the synthesis of agrochemicals, including pesticides and herbicides, due to its ability to enhance the efficacy of active ingredients. In material science, it is employed in the creation of specialty polymers and coatings, where it contributes to improved durability and performance. Its role in catalysis is also notable, as it aids in facilitating various chemical reactions in industrial processes.