Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for creating more complex molecules, particularly in the development of active ingredients for drugs targeting various diseases. Additionally, it is employed in the synthesis of ligands for catalysis, enhancing the efficiency of chemical reactions in industrial processes. Its versatility also extends to research applications, where it is utilized in the study of molecular interactions and reaction mechanisms.