This chemical is primarily utilized in organic synthesis as a building block for creating complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a precursor for compounds with potential therapeutic properties. Its unique structure allows for the formation of heterocyclic compounds, which are often explored for their biological activity. Additionally, it is used in materials science for the synthesis of advanced polymers and coatings, leveraging its reactivity to enhance material properties. Its application in research also extends to the study of reaction mechanisms and the development of novel synthetic routes.