This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the development of compounds with potential therapeutic properties, particularly in the creation of molecules that target specific biological pathways. Its structure is advantageous for modifications, enabling the synthesis of diverse derivatives that can be screened for biological activity. Additionally, it is employed in research settings to study chemical reactions and mechanisms, contributing to the advancement of synthetic methodologies.