Used as a versatile intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a key building block for the development of compounds with potential biological activity. Its structure is often utilized in the synthesis of chiral auxiliaries, which are crucial in asymmetric synthesis to produce enantiomerically pure substances. Additionally, it finds application in the production of polymers and coatings, where it contributes to enhancing material properties such as durability and resistance. In research, it is employed as a reagent for studying reaction mechanisms and developing new synthetic methodologies.