Used as a key intermediate in the synthesis of organic compounds, particularly in the pharmaceutical industry for developing active pharmaceutical ingredients (APIs). It plays a role in the production of ligands for metal catalysis, aiding in the creation of complex molecules. Additionally, it is utilized in material science for modifying surfaces or polymers to enhance specific properties like adhesion or reactivity. Its application extends to research settings, where it serves as a building block for studying chemical reactions and developing new synthetic pathways.