This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of more complex chemical compounds. It serves as a key building block in the manufacture of specialty chemicals, including pharmaceuticals and agrochemicals. Its structure allows it to participate in various reactions, such as alkylation, where it introduces specific functional groups into target molecules. Additionally, it is utilized in research and development settings to study reaction mechanisms and develop new synthetic pathways. Its stability and reactivity make it a valuable component in industrial and laboratory applications.