This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure allows it to participate in reactions such as cyclizations, additions, and couplings, making it valuable for constructing heterocyclic frameworks. Additionally, it finds use in material science for the creation of specialized polymers and coatings, where its unique reactivity can enhance material properties. Its role in research and development also extends to the study of reaction mechanisms and the exploration of novel synthetic pathways.