This compound is primarily utilized in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure is beneficial in creating molecules that target specific biological pathways, often in the treatment of inflammatory and metabolic disorders. Additionally, it serves as a key intermediate in the production of agrochemicals, contributing to the formulation of herbicides and pesticides that are effective against a broad spectrum of weeds and pests. Its unique chemical properties also make it valuable in material science, where it is used in the development of advanced polymers and coatings with enhanced durability and resistance to environmental factors.