This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a key role in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its structure allows it to participate in various chemical reactions, making it valuable for creating complex molecules. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. Its application extends to the field of material science, where it is employed in the creation of specialty chemicals and polymers.