This chemical is primarily used in organic synthesis and material science research. It serves as an intermediate in the development of liquid crystals, which are crucial for displays in electronic devices like LCD screens. Additionally, it is utilized in the synthesis of specialized polymers and coatings, where its unique structure contributes to enhanced material properties such as flexibility and thermal stability. In pharmaceutical research, it may be employed as a building block for creating compounds with potential biological activity. Its functional groups make it a versatile reagent in various chemical reactions, including esterification and bromination processes.