This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic applications. Its structure allows it to participate in various reactions, such as alkylation, making it valuable for creating complex molecules. Additionally, it is used in research settings to explore new chemical pathways and develop novel drug candidates. Its applications extend to the synthesis of agrochemicals, where it contributes to the creation of compounds used in crop protection and pest control.