Used primarily in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of various drugs. Its structure is particularly valuable in the development of active pharmaceutical ingredients (APIs) for treating conditions like hypertension and other cardiovascular diseases. Additionally, it is employed in agrochemical research to create pesticides and herbicides, leveraging its reactivity to form effective crop protection agents. In material science, it contributes to the development of specialty chemicals and polymers, enhancing properties such as durability and resistance. Its versatility in organic synthesis makes it a crucial component in advancing both medicinal and industrial applications.