This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as inhibitors or receptor modulators. In research, it serves as a building block for constructing complex molecules, especially in the synthesis of heterocyclic compounds. Additionally, it may be employed in the study of chemical reactions and mechanisms due to its reactive functional groups. Its applications are largely confined to laboratory settings, where it contributes to advancements in medicinal chemistry and drug discovery.