This chemical is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the preparation of more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for various chemical modifications, making it valuable in the creation of compounds with potential biological activity. Additionally, it is used in research settings to study reaction mechanisms and develop new synthetic methodologies. Its applications also extend to the fragrance and flavor industry, where it may be employed in the synthesis of aromatic compounds.