This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its application extends to the pharmaceutical industry, where it is employed in the synthesis of active pharmaceutical ingredients (APIs) that are crucial for the development of new medications. Additionally, it finds use in the agrochemical sector for the creation of pesticides and herbicides, contributing to enhanced crop protection and yield. In material science, this compound is involved in the development of advanced polymers and coatings, offering improved durability and performance. Its versatility also makes it valuable in research laboratories for the exploration of novel chemical reactions and processes.