This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It plays a role in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific functional groups for therapeutic activity. Additionally, it is used in the research and development of new chemical entities, where its structure can be modified to explore potential biological activities. In material science, it may serve as a precursor for the synthesis of advanced materials with specific properties. Its ester groups make it a valuable building block in polymerization reactions, contributing to the creation of polymers with tailored characteristics.