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 allows for the introduction of functional groups that are essential for the development of active ingredients in drugs. Specifically, it is often employed in the synthesis of compounds with potential therapeutic effects, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, its reactivity makes it valuable in the creation of complex molecules for research purposes, aiding in the discovery of new chemical entities with diverse biological activities.