This chemical is primarily used in organic synthesis as an intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of compounds with potential biological activity, such as inhibitors or modulators of specific enzymes or receptors. In research and development, it serves as a building block for creating complex molecules, often in the field of medicinal chemistry. Additionally, it may be employed in the preparation of specialty chemicals used in materials science or as a reagent in specific chemical reactions, such as bromination or alkylation processes. Its applications are largely confined to laboratory and industrial settings due to its specialized role in synthetic chemistry.