This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a crucial 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 condensation, cyclization, and esterification, making it valuable for constructing complex molecules. Additionally, it is utilized in the development of fine chemicals and agrochemicals, contributing to the creation of pesticides and herbicides. Its application extends to research laboratories, where it is employed in the study of reaction mechanisms and the development of new synthetic pathways.