This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active ingredients. It serves as a key building block in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties, such as anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it is employed in organic chemistry research to study reaction mechanisms and develop new synthetic methodologies. Its allyl group makes it a versatile reagent for further functionalization, enabling the creation of complex molecular structures.