Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, agrochemicals, and specialty chemicals. It is particularly valuable in the formation of amide bonds, making it essential for creating active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is employed in the development of fluorinated compounds, which are often sought after for their enhanced stability and bioavailability in drug discovery. Its reactivity with nucleophiles also makes it useful in the synthesis of dyes, pigments, and polymers.