Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the creation of complex molecules, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it is utilized in the synthesis of herbicides and pesticides, where its chemical properties enhance the effectiveness of these agricultural products. Researchers also explore its potential in material science, particularly in the development of advanced polymers and coatings with specific functional properties. Its versatility and reactivity make it a valuable component in diverse industrial and research applications.