Primarily used in organic synthesis, this chemical serves as a key intermediate in the production of complex organic compounds. It is particularly valuable in the development of pharmaceuticals, where it aids in the creation of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it finds application in material science, contributing to the synthesis of advanced polymers and dyes. Its reactivity with various functional groups makes it a versatile building block in research and industrial chemistry, enabling the creation of novel molecules with potential applications in electronics and nanotechnology.