This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the production of specialty chemicals, particularly in the pharmaceutical and agrochemical industries. Its structure allows for versatile reactions, such as coupling and cyclization, making it valuable in the development of active pharmaceutical ingredients (APIs) and crop protection agents. Additionally, it is utilized in research and development for creating novel compounds with potential biological activities. Its application is often focused on fine chemical manufacturing, where precision and specific functional groups are critical.