Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of more complex molecules. Its structure is particularly valuable in the development of pharmaceuticals, where it can be incorporated into drug candidates to enhance stability or bioavailability. Additionally, it finds application in the field of agrochemicals, aiding in the synthesis of compounds that protect crops from pests or diseases. The chemical's unique properties also make it suitable for research purposes, especially in studies focusing on novel organic reactions and material science.