Primarily utilized in the synthesis of various pharmaceuticals, this compound serves as a key intermediate in the production of drugs targeting cardiovascular diseases and central nervous system disorders. Its unique structure allows for the development of potent bioactive molecules, enhancing drug efficacy and specificity. Additionally, it finds application in agricultural chemistry, where it is employed in the creation of novel pesticides and herbicides, contributing to improved crop protection and yield. In material science, it is explored for the development of advanced polymers and coatings, offering enhanced durability and resistance to environmental factors.