Primarily utilized as an intermediate in organic synthesis, this compound plays a crucial role in the development of various pharmaceuticals. It is often employed in the production of active pharmaceutical ingredients (APIs) that target specific diseases, particularly in the realm of oncology and infectious diseases. Additionally, it serves as a building block in the creation of complex molecules used in drug discovery and development processes. Its stability and reactivity make it a valuable component in research laboratories focused on medicinal chemistry. Furthermore, it is sometimes incorporated into the synthesis of agrochemicals, contributing to the development of more effective pesticides and herbicides.