It is utilized in organic synthesis as a versatile intermediate for the preparation of various pharmaceuticals and agrochemicals. Its structure serves as a key building block in the development of compounds with potential biological activities, such as inhibitors for enzymes or receptors. Additionally, it is employed in the synthesis of complex molecules for research purposes, particularly in medicinal chemistry, where its derivatives are explored for therapeutic applications. Its reactivity and functional groups make it a valuable component in the design of novel chemical entities.