This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of various pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure allows it to participate in reactions such as Michael additions, cyclizations, and condensations, making it valuable for constructing complex molecules. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of active ingredients for crop protection. Its application extends to research laboratories, where it is used to explore new chemical reactions and pathways.