This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex chemical structures. Its unique molecular framework makes it valuable in the development of pharmaceuticals, where it can be incorporated into active ingredients targeting specific biological pathways. Additionally, it finds application in the creation of agrochemicals, contributing to the synthesis of compounds used for crop protection and pest management. Its reactivity and structural properties also make it a candidate for research in material science, where it may be used to develop novel polymers or coatings with specialized functionalities.