This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and fine chemicals. Its structure makes it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is often employed in the synthesis of heterocyclic compounds, which are essential in drug discovery for their diverse biological activities. Additionally, it serves as a building block in the preparation of agrochemicals and other specialty chemicals, contributing to the development of products with specific functional properties. Its reactivity and versatility make it a useful component in research and industrial applications.