Used primarily as a precursor in organic synthesis, this compound serves as a building block for the preparation of complex molecules in pharmaceutical and agrochemical industries. Its structure allows for selective transformations, making it valuable in the development of heterocyclic compounds. It is also employed in research settings for the synthesis of natural products and bioactive intermediates. Due to its reactivity, it facilitates ring-opening and functionalization reactions, enabling the construction of carbon-oxygen frameworks found in various functional materials and active ingredients.