Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active ingredients for drugs targeting various therapeutic areas, including anti-inflammatory and antimicrobial agents. Additionally, it is employed in the synthesis of complex organic molecules for research and industrial applications, contributing to advancements in material science and chemical engineering. Its reactivity and structural properties make it a versatile building block in the creation of fine chemicals and specialty compounds.