Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the preparation of compounds with potential biological activity, such as enzyme inhibitors or antimicrobial agents. Its phosphonate group is valuable in creating carbon-phosphorus bonds, which are essential in designing molecules for medicinal chemistry. Additionally, it can be utilized in the development of flame retardants or as a ligand in coordination chemistry for metal-catalyzed reactions. Its applications are primarily focused on research and industrial-scale chemical processes.