This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various bioactive molecules, including potential drug candidates targeting specific enzymes or receptors. Its structural properties make it valuable in creating compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is employed in research settings to study chemical reactions and develop novel materials with specific electronic or optical characteristics. Its versatility in organic synthesis makes it a valuable tool in both industrial and academic laboratories.