Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. Its structure is particularly valuable in the development of compounds with potential anti-inflammatory, antibacterial, and antiviral properties. Additionally, it plays a role in the creation of advanced materials, where its unique chemical properties contribute to the stability and functionality of these materials. Researchers also explore its use in organic synthesis, leveraging its reactivity to construct complex molecules for further study and application.