This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its structure allows it to participate in various reactions, such as cyclization and condensation, making it valuable for constructing complex molecular frameworks. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its reactivity also makes it useful in research and development for exploring new chemical pathways and innovations in material science.