Used primarily as an intermediate in organic synthesis, it plays a crucial role in the development of pharmaceuticals and agrochemicals. Its structure is valuable in creating complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs) and crop protection agents. Additionally, it serves as a building block in the preparation of ligands for catalysis, aiding in various chemical reactions. Its application extends to research and development in material science, where it contributes to the creation of advanced materials with specific properties.