This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its application is particularly notable in the development of pharmaceuticals, where it can be used to synthesize active pharmaceutical ingredients (APIs) with potential therapeutic effects. Additionally, it may be employed in research settings to explore new chemical reactions or pathways, aiding in the discovery of novel compounds with potential applications in medicine or materials science. Its structural features make it a valuable building block for creating molecules with specific biological activities or physical properties.