This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceutical compounds. It acts as a key intermediate in the preparation of various biologically active molecules, including potential drug candidates. Its structure allows it to participate in reactions such as nucleophilic substitutions and coupling reactions, making it valuable for constructing complex organic frameworks. Additionally, it finds use in materials science for the synthesis of specialized polymers and ligands, which can be applied in catalysis or advanced material development. Its unique properties also make it suitable for research in coordination chemistry, where it can form stable complexes with metals for catalytic or analytical purposes.