This compound is primarily utilized in the synthesis of organic intermediates, particularly in the development of pharmaceuticals and fine chemicals. It serves as a key building block in the production of compounds with potential biological activity, such as anti-inflammatory or analgesic agents. Its structure allows for modifications that can enhance the efficacy and selectivity of drug molecules. Additionally, it finds application in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its stability and reactivity make it a valuable component in organic chemistry laboratories for creating complex molecular architectures.