It is widely used in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. Its role as an intermediate allows for the creation of complex molecules, including active ingredients in drugs and crop protection agents. Additionally, it serves as a building block in the development of flavors and fragrances, contributing to the formulation of specific aromatic profiles. In research and development, it is utilized in organic synthesis to study reaction mechanisms and develop new chemical processes. Its versatility makes it a valuable component in both industrial and academic chemical applications.