This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It plays a key role in the synthesis of complex molecules, particularly in the development of drugs targeting inflammation and other therapeutic areas. Its structure allows it to participate in cyclization and condensation reactions, making it valuable for constructing cyclic compounds. Additionally, it is used in research laboratories for studying reaction mechanisms and developing novel synthetic pathways. Its applications extend to the field of agrochemicals, where it serves as a building block for creating crop protection agents.