This chemical is primarily used as a versatile intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for creating complex molecules due to its reactive dione structure, which allows for efficient cyclization and functionalization reactions. In pharmaceutical applications, it is often employed in the synthesis of active pharmaceutical ingredients (APIs) that require precise molecular frameworks. Additionally, it finds use in the development of specialty chemicals, where its stability and reactivity make it suitable for creating high-performance materials. Its role in facilitating controlled reactions makes it valuable in research and industrial processes aimed at developing innovative compounds.