Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure makes it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of agrochemicals, where it contributes to the creation of compounds with specific biological activities. Additionally, it finds use in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its versatility and reactivity make it a useful component in the preparation of specialty chemicals for industrial and scientific applications.