This chemical is widely utilized in the synthesis of pharmaceuticals due to its ability to act as a versatile building block for creating complex molecules. Its structure allows it to participate in click chemistry reactions, making it valuable for developing drugs with improved efficacy and specificity. Additionally, it is employed in the production of agrochemicals, where it contributes to the creation of compounds that enhance crop protection and yield. In material science, it serves as a precursor for the development of advanced polymers and coatings, offering enhanced durability and performance. Its unique properties also make it useful in the field of organic electronics, where it aids in the design of materials for sensors, semiconductors, and other electronic components.