This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a key role in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Its structure allows it to act as a building block for more complex molecules, often contributing to the synthesis of drugs targeting neurological or inflammatory conditions. Additionally, it is utilized in research settings to study reaction mechanisms and develop novel chemical processes. Its unique properties make it valuable in the design of materials with specific electronic or optical characteristics.