Used primarily in organic synthesis, this chemical serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential antimicrobial and antifungal properties. Additionally, it plays a role in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for creating drugs targeting specific diseases. Its application extends to research laboratories where it is utilized in the study of reaction mechanisms and the development of novel chemical entities.