This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its unique structure allows it to serve as a building block in the development of compounds with potential biological activity. In medicinal chemistry, it is often employed in the synthesis of molecules targeting specific enzymes or receptors, contributing to the creation of new therapeutic agents. Additionally, it finds application in the development of advanced materials, where its incorporation can enhance specific properties such as stability or reactivity. Its versatility makes it valuable in research and industrial settings for creating innovative solutions in drug discovery and material science.