This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as antimicrobial and anti-inflammatory agents. Additionally, it is employed in research settings to study chemical reactions and mechanisms, aiding in the discovery of new drugs and therapeutic agents. Its versatility makes it a crucial component in the synthesis of complex molecules, contributing to advancements in medicinal chemistry and crop protection.