This chemical is primarily used in the field of organic synthesis, where it serves as a valuable intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure makes it a key component in the development of compounds with potential biological activity, particularly in the design of new drugs targeting specific enzymes or receptors. Additionally, it is employed in research settings to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry and material science. Its applications also extend to the synthesis of specialty chemicals used in diverse industrial processes.