This chemical is primarily utilized in organic synthesis as an intermediate in the production of various pharmaceuticals and agrochemicals. It plays a key role in the development of compounds with potential biological activity, particularly in the creation of molecules that target neurological and metabolic disorders. Additionally, it is employed in research settings for the study of reaction mechanisms and the development of novel synthetic pathways. Its structure makes it a valuable building block in the synthesis of complex organic molecules, contributing to advancements in medicinal chemistry and materials science.