Used primarily as a reagent in organic synthesis, this chemical serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the formation of carbon-carbon bonds, enabling the construction of complex molecular structures. In medicinal chemistry, it plays a role in the synthesis of active pharmaceutical ingredients (APIs) by facilitating specific reactions like alkylation. Additionally, it is employed in the development of crop protection agents, contributing to the creation of herbicides and insecticides. Its stability and reactivity make it a versatile tool in laboratory settings for researchers working on innovative chemical processes.