This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. It is particularly valuable in the development of pharmaceuticals and agrochemicals due to its structural properties, which allow for further functionalization. The compound is often employed in the synthesis of heterocyclic compounds, which are key components in many drugs and pesticides. Its stability and reactivity make it suitable for use in multi-step synthetic processes, where it can be modified to introduce specific functional groups or to build larger molecular frameworks. Additionally, it may be used in research settings to study reaction mechanisms or to develop new synthetic methodologies.