Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in constructing complex molecules through reactions like Sonogashira coupling, which is essential in creating carbon-carbon bonds. Additionally, it plays a role in the development of active ingredients for crop protection products, helping to enhance their efficacy. In research, it is utilized to study and develop new compounds with potential biological activities, contributing to advancements in medicinal chemistry.