It is primarily used in research and development as a key intermediate in the synthesis of more complex chemical compounds. Its structure makes it valuable in the creation of pharmaceuticals, particularly in the development of drugs targeting specific biological pathways. Additionally, it finds applications in the study of enzyme inhibitors and receptor modulators, aiding in the understanding of biochemical processes. In material science, it contributes to the development of advanced polymers and coatings with enhanced properties. Its role in organic synthesis also extends to the production of agrochemicals, where it helps in creating compounds for crop protection and pest control.