Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure allows for the development of molecules with potential therapeutic properties, particularly in the design of antiviral and anticancer agents. Additionally, it is employed in the synthesis of complex organic compounds for research purposes, aiding in the study of chemical reactions and mechanisms. Its versatility makes it valuable in the field of medicinal chemistry, where it contributes to the creation of novel drugs and bioactive molecules.