This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its application is particularly significant in the development of pharmaceutical agents, where it contributes to the synthesis of compounds with potential therapeutic properties. Additionally, it is used in research settings to study chemical reactions and pathways, aiding in the discovery of new reactions or the optimization of existing synthetic routes. Its structural features make it a valuable component in the design of molecules with specific biological activities, particularly in the realm of medicinal chemistry.