This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its structure is valuable in the synthesis of heterocyclic compounds, which are often explored for their biological activity. Additionally, it finds application in material science, where it can be incorporated into polymers or coatings to enhance specific properties. Its role in research and development is significant, particularly in the exploration of novel chemical entities for various industrial purposes.