Primarily utilized in the synthesis of various pharmaceuticals, this compound serves as a key intermediate in the development of active pharmaceutical ingredients. Its structure allows for further functionalization, making it valuable in the production of drugs targeting specific biological pathways. Additionally, it is employed in agrochemical research for creating pesticides and herbicides, where its reactivity aids in the formation of compounds that effectively control pests and weeds. In material science, it is used to develop specialized polymers and coatings with unique properties, such as enhanced durability or chemical resistance. Its versatility in chemical reactions also makes it a useful reagent in organic synthesis for constructing complex molecules in academic and industrial research settings.