This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the production of various pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its structure allows it to participate in cyclization and condensation reactions, making it valuable for creating complex molecular frameworks. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. In research, it serves as a building block for exploring new chemical entities and studying reaction mechanisms. Its application extends to the fragrance industry, where it is used to synthesize aromatic compounds.