This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure makes it suitable for constructing more complex molecules, particularly in the development of compounds with potential therapeutic properties. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it serves as a building block in the creation of fragrances and flavors, contributing to the aromatic profiles of certain products. Its versatility in chemical reactions, such as cyclization and functional group transformations, makes it valuable in research and industrial applications.