This chemical is primarily used in organic synthesis as a versatile intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block in the creation of complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development due to their broad biological activities. Additionally, it finds application in the preparation of specialty chemicals used in research and industrial processes, where its reactivity and stability are advantageous.