This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It serves as a building block in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Its unique structure allows for further functionalization, making it valuable in the creation of novel compounds with potential therapeutic effects. Additionally, it is employed in research and development for studying chemical reactions and mechanisms, aiding in the discovery of new drugs or materials. Its applications also extend to material science, where it can be used to develop specialized organic compounds with specific properties.