This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It plays a key role in the synthesis of compounds with potential therapeutic properties, particularly in the development of drugs targeting neurological and cardiovascular disorders. Additionally, it is utilized in the creation of specialty chemicals for research purposes, aiding in the study of chemical reactions and material properties. Its unique structure makes it valuable in the development of novel organic compounds with diverse applications in both industrial and academic settings.