Used in organic synthesis as a key intermediate for the development of various pharmaceutical compounds. It plays a significant role in the creation of molecules with potential therapeutic properties, particularly in the field of medicinal chemistry. Its structure is often utilized in the design of ligands for biological targets, aiding in drug discovery and development. Additionally, it serves as a building block in the synthesis of complex organic materials, which can be applied in materials science for the development of advanced polymers or functional materials. Its unique chemical properties make it valuable in research and industrial applications where precise molecular design is crucial.