Used in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for various therapeutic agents. It serves as a key intermediate in organic synthesis, enabling the creation of complex molecules. Additionally, it is employed in the development of flavor and fragrance compounds, contributing to the formulation of unique scents and tastes. Its application extends to polymer chemistry, where it acts as a monomer or co-monomer in the production of specialized plastics and resins.