Used primarily in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it aids in the development of new drug candidates by acting as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in material science for the creation of specialty polymers and coatings, contributing to enhanced material properties. Its role in agrochemical research is also notable, where it is utilized in the synthesis of compounds that improve crop protection and yield.