This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure is particularly valuable in the development of drugs that target specific enzymes or receptors, making it a crucial component in medicinal chemistry research. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Its versatility also extends to material science, where it is used in the design of novel organic materials with potential applications in electronics and coatings.