This chemical is primarily used in organic synthesis as a versatile intermediate. It serves as a key building block in the production of various pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its structure allows for further functionalization, making it valuable in the synthesis of complex molecules. Additionally, it is employed in the preparation of fine chemicals and specialty materials, where its reactivity and stability are advantageous. In research, it is often utilized to study reaction mechanisms and develop new synthetic pathways.