This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a significant role in the production of complex molecules, particularly in the pharmaceutical industry, where it is employed to synthesize active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it valuable in the development of drugs and other bioactive compounds. Additionally, it is utilized in the preparation of fine chemicals and specialty materials, contributing to advancements in material science and chemical research. Its application extends to agrochemicals, where it aids in the creation of pesticides and herbicides. Overall, its reactivity and adaptability make it a crucial component in various industrial and research processes.