Used primarily in organic synthesis as a building block for more complex chemical compounds. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting various therapeutic areas. The compound is also utilized in agrochemical research for creating novel pesticides and herbicides. Its structure allows for further functionalization, making it valuable in material science for designing advanced polymers and coatings. Additionally, it plays a role in the synthesis of ligands for catalytic systems in industrial chemical processes.