This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It plays a significant role in the development of various pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Its structure allows for further functionalization, making it valuable in the creation of complex molecules. Additionally, it is employed in the research and development of agrochemicals, contributing to the design of novel pesticides or herbicides. Its unique chemical properties also make it useful in material science, particularly in the synthesis of specialized polymers or coatings. Researchers leverage its reactivity to explore new chemical reactions or to modify existing compounds for enhanced performance in specific applications.