Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is valuable in the development of complex molecules, particularly in the synthesis of active ingredients for medications targeting neurological and cardiovascular conditions. Additionally, it finds application in the creation of specialty chemicals used in research and development, aiding in the study of biochemical pathways and drug discovery processes. Its versatility also extends to the field of material science, where it contributes to the development of advanced polymers and coatings.