This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as herbicides, fungicides, and certain classes of drugs. Additionally, it is employed in research settings to study and develop new chemical reactions and pathways, contributing to advancements in medicinal chemistry and material science. Its versatility and reactivity make it a useful building block in the creation of complex molecules.