Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is particularly valuable in the creation of chiral molecules, which are crucial for designing drugs with specific stereochemical properties. Additionally, it finds application in organic synthesis, where it acts as a building block for complex organic frameworks. In material science, it contributes to the development of advanced polymers and coatings with tailored properties. Its role in catalysis is also noteworthy, aiding in the efficient production of fine chemicals and specialty materials.