This chemical is primarily used in the development of advanced materials, particularly in the field of nanotechnology. It serves as a key component in the synthesis of nanoparticles, which are essential for creating high-performance coatings and composites. These coatings are widely applied in industries such as aerospace, automotive, and electronics, where they enhance durability, resistance to corrosion, and thermal stability.

In the pharmaceutical sector, it is utilized as an intermediate in the production of specialized drugs, particularly those targeting complex diseases. Its unique properties enable precise molecular interactions, making it valuable in drug formulation and delivery systems.

Additionally, this chemical plays a role in organic synthesis, aiding in the creation of novel compounds for research and industrial applications. Its versatility and efficiency make it a critical asset in chemical manufacturing processes.