Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various pharmaceuticals and agrochemicals. It is also employed in the development of specialty chemicals, particularly in the creation of compounds with potential biological activity. In research, it serves as a building block for designing and synthesizing new molecules, aiding in drug discovery and material science applications. Additionally, it may be utilized in the preparation of catalysts or ligands for chemical reactions, enhancing efficiency and selectivity in industrial processes.