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 neurological disorders, as it can be incorporated into molecules that interact with specific receptors in the brain. Additionally, it is employed in the creation of agrochemicals, contributing to the synthesis of pesticides and herbicides that protect crops from pests and diseases. Researchers also explore its use in material science, where it can be a building block for creating advanced polymers with specific electronic or mechanical properties. Its versatility makes it a valuable component in both industrial and academic research settings.