This chemical is primarily used in organic synthesis as a versatile building block for the preparation of various pharmaceuticals and agrochemicals. It serves as an intermediate in the synthesis of complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it valuable in the creation of compounds with potential biological activity. Additionally, it is employed in research settings for the development of novel chemical entities and in the study of reaction mechanisms. Its application extends to the production of specialty chemicals used in diverse industrial processes.