This chemical is primarily utilized in the synthesis of organic compounds, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the development of various active pharmaceutical ingredients (APIs), where its structure allows for the introduction of specific functional groups essential for biological activity. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications. Its reactivity and versatility make it valuable in organic synthesis, especially in reactions involving carbonyl compounds and conjugated systems.