Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of peptides and amino acid derivatives. It is also employed in the development of agrochemicals, where it aids in creating active ingredients for crop protection. Additionally, it finds application in the manufacture of specialty chemicals, including dyes and pigments, due to its reactivity and ability to introduce functional groups into complex molecules. Its role in research and development is significant, particularly in exploring new chemical reactions and pathways.