Primarily utilized in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is advantageous in the development of heterocyclic compounds, which are crucial in medicinal chemistry for creating drugs with therapeutic properties. Additionally, it is employed in research settings to study reaction mechanisms and develop new synthetic pathways, contributing to advancements in chemical sciences. Its role in polymer chemistry is also notable, where it aids in the synthesis of specialized polymers with unique properties.