Used extensively in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in the pharmaceutical industry. It serves as a precursor in the synthesis of various bioactive compounds, including antibiotics and anti-inflammatory agents. Additionally, it is employed in the development of specialty chemicals and fine chemicals, where its unique structure facilitates the formation of carbon-carbon and carbon-heteroatom bonds. In material science, it is utilized in the production of advanced polymers and coatings, enhancing their thermal stability and mechanical properties. Its reactivity with organometallic compounds makes it valuable in catalysis and the creation of novel materials.