This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the preparation of various biologically active compounds. It is particularly valuable in the development of pharmaceuticals, where it can be used to create molecules with potential therapeutic effects. Additionally, it finds application in the synthesis of agrochemicals, contributing to the production of pesticides and herbicides. Its structure allows for further functionalization, making it a useful building block in the creation of complex organic molecules. Researchers also explore its potential in material science, particularly in the design of novel polymers and coatings.