This compound is primarily utilized in organic synthesis as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to serve as a building block for more complex molecules, particularly in the development of active ingredients for drugs targeting specific biological pathways. Additionally, it finds application in the synthesis of specialized chemicals used in research and industrial processes, where its unique reactivity can be leveraged to create tailored compounds. Its role in these processes underscores its importance in advancing chemical innovation and product development.