This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly as an intermediate in the production of antiviral and anticancer drugs. Its structural properties make it a valuable building block in medicinal chemistry, enabling the development of molecules that target specific biological pathways. Additionally, it is employed in agrochemical research for creating pesticides and herbicides, leveraging its ability to disrupt enzymatic processes in pests and weeds. In material science, it serves as a precursor for designing advanced polymers and coatings with enhanced durability and resistance to environmental factors. Its versatility in chemical reactions also makes it a useful component in organic synthesis for creating complex molecular structures.