Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various bioactive molecules. It is particularly valuable in the development of pharmaceuticals, where it contributes to the creation of compounds with potential therapeutic effects. Additionally, it is employed in the synthesis of agrochemicals, aiding in the formulation of pesticides and herbicides. Its reactivity with other organic compounds makes it a useful reagent in research laboratories for studying chemical reactions and developing new materials. In the field of biochemistry, it is utilized to modify proteins and peptides, enabling the study of their structure and function.