Primarily utilized in organic synthesis, this compound serves as a versatile intermediate for the production of various pharmaceuticals and fine chemicals. Its structure allows it to act as a building block in the synthesis of complex molecules, particularly in the development of drugs targeting metabolic disorders and inflammatory conditions. Additionally, it finds application in the field of material science, where it is used to modify polymers and resins, enhancing their properties such as thermal stability and mechanical strength. In the agricultural sector, it is employed in the formulation of certain pesticides and herbicides, contributing to improved crop protection strategies.