This compound is primarily utilized in organic synthesis as a versatile reagent. It is often employed in the preparation of complex molecules, particularly in the formation of carbon-carbon bonds. Its unique structure allows it to act as a precursor in various reactions, including nucleophilic substitution and coupling reactions. Additionally, it finds use in the synthesis of pharmaceuticals and agrochemicals, where its stability and reactivity make it a valuable intermediate. In research, it is also applied in the development of new synthetic methodologies, contributing to advancements in chemical science.