This chemical is primarily utilized in the synthesis of pharmaceutical compounds and organic intermediates. It serves as a key building block in the development of various bioactive molecules, particularly in the creation of drugs targeting neurological disorders and anti-inflammatory agents. Its structure is advantageous for introducing specific functional groups during complex organic reactions, making it valuable in medicinal chemistry research. Additionally, it is employed in the preparation of agrochemicals, contributing to the development of pesticides and herbicides. Its role in cross-coupling reactions and as a precursor for heterocyclic compounds further highlights its significance in advanced chemical synthesis.