Used as an intermediate in organic synthesis, particularly in the preparation of phosphonate derivatives. It plays a role in the development of pharmaceuticals, aiding in the creation of compounds with potential therapeutic properties. Additionally, it is utilized in material science for modifying surfaces or creating specialized polymers. Its application extends to agrochemical research, where it contributes to the synthesis of novel pesticides or herbicides. The compound’s reactivity with various organic molecules makes it valuable in cross-coupling reactions, which are essential in constructing complex chemical structures.