This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the synthesis of complex molecules and active pharmaceutical ingredients (APIs). Its structure allows it to participate in various reactions, such as cyclization and condensation, making it valuable for creating cyclic compounds. Additionally, it is used in the development of agrochemicals, contributing to the formulation of pesticides and herbicides. In research, it serves as a building block for exploring new chemical pathways and developing novel compounds with potential industrial or medicinal applications.