This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), especially those targeting neurological and oncological conditions. Its structure allows for the introduction of specific functional groups, making it valuable in the development of novel therapeutic agents. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides that enhance crop protection. In material science, it is used to modify polymers, improving their properties for specialized applications. Its versatility in chemical reactions makes it a crucial component in advanced synthetic chemistry.