This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to be a versatile building block in the creation of complex molecules, particularly in the development of compounds with potential therapeutic properties. Additionally, it is employed in research settings for the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies. Its application extends to the fine chemicals industry, where it contributes to the manufacture of specialty chemicals with specific industrial uses.