This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is often employed in the synthesis of compounds with potential therapeutic properties, such as antidepressants, anti-inflammatory agents, or other bioactive molecules. Additionally, its reactivity makes it suitable for use in the preparation of fine chemicals and specialty materials in research and industrial settings.