This compound is primarily utilized 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 active pharmaceutical ingredients (APIs) that target various diseases. Additionally, it is employed in the synthesis of agrochemicals, including pesticides and herbicides, due to its structural properties that can enhance the efficacy of these products. In material science, it is used in the creation of specialty chemicals and polymers, contributing to the development of advanced materials with specific functionalities. Its role in research and development is significant, as it aids in the exploration of new chemical reactions and pathways, enabling the discovery of novel compounds with potential industrial applications.