Used primarily in organic synthesis, this chemical serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex cyclic compounds, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is utilized in research for creating novel compounds with potential therapeutic properties. In the agrochemical industry, it aids in the synthesis of pesticides and herbicides, contributing to crop protection and yield improvement. Its versatility in chemical reactions also makes it a useful component in academic and industrial laboratories for experimental studies and process optimization.