This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceutical compounds, particularly in the synthesis of heterocyclic structures that are essential in drug discovery. Its unique structure allows it to act as a building block for creating complex molecules with potential therapeutic properties. Additionally, it is employed in research settings to study chemical reactions and mechanisms, contributing to advancements in synthetic chemistry. Its applications extend to material science, where it is used in the development of novel organic materials with specific properties. Overall, it serves as a valuable tool in both industrial and academic research for creating innovative chemical entities.