This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various biologically active molecules. It serves as a key building block in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic applications. Its structure allows for further functionalization, making it valuable in the production of complex organic molecules. Additionally, it is employed in research settings for the study of chemical reactions and the development of new synthetic methodologies. Its stability and reactivity make it a useful reagent in the creation of heterocyclic compounds, which are often found in drugs and agrochemicals.