This chemical is primarily utilized as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows it to act as a versatile building block for creating complex molecules. In the pharmaceutical industry, it is often employed in the synthesis of active pharmaceutical ingredients (APIs) due to its reactivity and ability to form stable bonds with other compounds. Additionally, it finds application in the development of herbicides and pesticides, where it contributes to the efficacy and stability of the final product. Its role in cross-linking reactions also makes it valuable in polymer chemistry, aiding in the creation of advanced materials with specific properties.