Used primarily as a reagent in organic synthesis, this compound is valuable for the preparation of alkenes through the Shapiro reaction. It acts as a precursor in the generation of vinyl anions, which are then employed to create carbon-carbon bonds. Additionally, it finds application in the synthesis of complex organic molecules, including natural products and pharmaceuticals, due to its ability to facilitate selective transformations. Its role in the formation of intermediates for further chemical reactions makes it a versatile tool in synthetic chemistry.