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 effects, such as inhibitors for enzymes or receptors. Additionally, it plays a role in the synthesis of complex molecules for research and industrial applications, including the creation of novel materials and specialty chemicals. Its reactivity and structure make it a versatile building block in medicinal chemistry and drug discovery processes.