This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to act as a versatile intermediate in the creation of biologically active molecules. It is often employed in the preparation of compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it can be used in material science for the development of polymers and coatings, where its unique chemical properties enhance durability and performance. Its role in organic synthesis makes it valuable in research and industrial applications aimed at creating innovative products.