Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antibiotics and antifungal agents. It plays a role in organic synthesis, aiding in the formation of complex molecules. Additionally, it is utilized in the manufacturing of agricultural chemicals, contributing to the development of pesticides and herbicides. Its application extends to the polymer industry, where it acts as a stabilizer or additive to enhance material properties. In research, it serves as a reagent for studying chemical reactions and developing new compounds.