This chemical is primarily used in the synthesis of complex organic compounds, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of various drugs, especially those targeting specific enzyme pathways. Its structure allows for further functionalization, making it valuable in creating molecules with potential therapeutic effects. Additionally, it is utilized in research settings for studying chemical reactions and mechanisms, aiding in the discovery of new bioactive compounds. Its stability and reactivity make it a versatile building block in medicinal chemistry.