This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It serves as a building block in the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic effects. Its structure allows for further functionalization, making it valuable in the creation of complex molecules. Additionally, it can be utilized in research and development for designing new drugs or studying biochemical pathways. Its applications may also extend to the field of material science, where it could be involved in the synthesis of specialized polymers or coatings.