This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various biologically active molecules. It serves as a key building block in the development of pharmaceutical agents, particularly in the synthesis of compounds with potential therapeutic applications, such as anticancer or antimicrobial agents. Its structure allows for further functionalization, making it valuable in the design of complex molecules. Additionally, it is employed in research settings to study chemical reactions and mechanisms, contributing to advancements in medicinal chemistry and drug discovery.