Used primarily as an intermediate in organic synthesis, this chemical plays a key role in the production of specialty polymers and coatings. Its structure allows it to act as a building block for creating compounds with specific properties, such as improved durability or flexibility in materials. Additionally, it is utilized in the development of surfactants and lubricants, where its unique chemical characteristics enhance performance. In the pharmaceutical industry, it serves as a precursor in the synthesis of active pharmaceutical ingredients, contributing to the formulation of various medicinal products. Its applications extend to research and development, where it is employed in studies aimed at designing new chemical entities with potential industrial or therapeutic benefits.