Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as anti-inflammatory and anticancer agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are widely utilized in medicinal chemistry. Its reactivity with amines and other nucleophiles makes it a versatile building block for creating complex molecular structures. In research, it is often used to study reaction mechanisms and develop new synthetic pathways.