This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, particularly those with nitrogen-containing heterocycles, which are common in active pharmaceutical ingredients. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic properties, such as anti-inflammatory, antiviral, or anticancer agents. Its versatility in chemical reactions, including coupling and functionalization processes, makes it a valuable tool in medicinal chemistry and drug discovery.