This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. It is particularly valuable in the development of pharmaceuticals, where it can be incorporated into the structure of drugs targeting specific biological pathways. Additionally, it finds application in the creation of agrochemicals, contributing to the synthesis of compounds that enhance crop protection and yield. Its unique chemical structure allows it to act as a building block in the design of materials with specific properties, such as polymers or coatings, which can be tailored for industrial use.