This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as inhibitors for specific enzymes or receptors. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in the design of new drugs and materials. Its application extends to research and development in medicinal chemistry, where it aids in the exploration of novel therapeutic agents.