This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, where it can be incorporated into drug candidates targeting various therapeutic areas. Additionally, it finds application in material science, contributing to the synthesis of novel organic materials with potential use in electronics or coatings. Its unique chemical framework allows for further functionalization, making it a versatile building block in research and industrial chemistry.