This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it a versatile reagent in the synthesis of heterocyclic compounds, which are often key components in drugs targeting various diseases. Additionally, it is employed in research laboratories for the development of novel chemical entities and in the study of reaction mechanisms due to its reactive sites and stability under various conditions.