This chemical is primarily utilized in research and development within the field of organic chemistry. It serves as a key intermediate in the synthesis of complex organic compounds, particularly those with potential pharmaceutical applications. Its structure allows for versatile reactions, making it valuable in the creation of novel drug candidates or bioactive molecules. Additionally, it may be employed in material science for the development of specialized polymers or coatings with unique properties. Its role in catalysis or as a building block in multi-step synthetic processes highlights its importance in advancing chemical innovation.