Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of compounds with potential therapeutic effects, such as inhibitors for specific enzymes or receptors. Additionally, it finds application in material science, where it is utilized in the synthesis of advanced materials with unique electronic or optical properties. Its role in research and development is significant, aiding in the discovery of new chemical entities with diverse industrial and medicinal applications.