Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs, particularly those targeting central nervous system disorders. It is also employed in the development of agrochemicals, contributing to the creation of pesticides and herbicides. In material science, it finds application in the synthesis of specialty polymers and coatings, enhancing their durability and performance. Additionally, it is utilized in organic synthesis for the preparation of complex molecules, aiding in research and development across multiple industries.