This chemical is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form more complex molecules, particularly in the development of active ingredients for medications. Additionally, it can be utilized in the synthesis of specialty chemicals, where its functional groups enable the creation of compounds with specific properties for industrial applications. Its role in research and development is significant, as it aids in the exploration of new chemical pathways and the optimization of synthetic processes.