This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the development of pharmaceuticals, particularly in the synthesis of complex molecules with potential therapeutic properties. Its structure allows for further functionalization, making it valuable in constructing heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is employed in research settings to study reaction mechanisms and develop new synthetic methodologies. Its application extends to agrochemicals, where it contributes to the creation of novel compounds for crop protection.