Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the synthesis of fragrances and flavors due to its unique aromatic properties. In research, it is utilized to study reaction mechanisms and to develop new synthetic methodologies. Its versatility makes it a valuable component in the creation of complex molecules for industrial and scientific applications.