This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in key reactions such as cross-coupling and cyclization, making it valuable for constructing complex molecules. It is particularly useful in the development of compounds with potential biological activity, including inhibitors or modulators of specific enzymes or receptors. Additionally, it can be employed in the synthesis of fine chemicals and specialty materials, where its functional groups enable precise modifications to achieve desired properties.