Used in organic synthesis as a key intermediate for the development of pharmaceuticals and bioactive compounds. It plays a role in the creation of molecules with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is utilized in the design of advanced materials, such as polymers and coatings, due to its reactive functional groups that facilitate cross-linking and polymerization processes. Its structural features make it valuable in research for developing novel therapeutic agents and functional materials.