This compound is primarily utilized in organic synthesis, particularly in the development of complex molecules. It serves as a key intermediate in the production of pharmaceuticals, where its structure is often incorporated into active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its role in these processes is crucial due to its ability to introduce specific functional groups that enhance the biological activity of the final products. Furthermore, it is used in research and development for the exploration of new chemical entities, aiding in the discovery of novel therapeutic agents.