This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds that exhibit biological activity, such as antimicrobial and antifungal agents. Additionally, it is employed in the creation of complex molecules for research purposes, where its unique structure allows for the introduction of specific functional groups. Its role in organic synthesis is crucial for constructing more intricate chemical architectures, making it valuable in both industrial and academic settings.