Primarily utilized in organic synthesis, this compound serves as a versatile building block for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it is used to create active pharmaceutical ingredients (APIs) that can target a variety of diseases. Additionally, it finds application in agrochemical research for the synthesis of novel pesticides and herbicides, enhancing crop protection strategies. Its reactivity also makes it suitable for use in material science, contributing to the development of advanced materials with specific electronic or photonic properties.