This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of more complex molecules, particularly in the pharmaceutical industry, where it serves as a building block for drug development. Its structure allows for further functionalization, making it valuable in the creation of heterocyclic compounds, which are essential in many active pharmaceutical ingredients. Additionally, it finds use in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its stability and reactivity make it a useful reagent in various chemical transformations.