This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting neurological disorders and inflammatory conditions. Additionally, it is employed in the synthesis of complex molecules used in crop protection, helping to enhance the efficacy of pesticides and herbicides. Researchers also explore its potential in material science, particularly in the creation of advanced polymers and coatings with specialized properties.