This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its structure makes it particularly valuable in the development of pharmaceuticals, especially in the synthesis of compounds with potential therapeutic properties. Additionally, it is used in the creation of ligands for coordination chemistry, aiding in the formation of metal complexes that are studied for their catalytic and material science applications. Its role in research and development is significant, contributing to advancements in medicinal chemistry and materials engineering.