Used primarily in organic synthesis, this compound serves as a versatile intermediate for constructing complex molecules. It is particularly valuable in the synthesis of heterocyclic compounds, which are essential in pharmaceuticals and agrochemicals. Its reactivity allows for the introduction of functional groups, enabling the creation of diverse chemical structures. Additionally, it is employed in the production of fine chemicals and specialty materials, where precise molecular modifications are required. Its role in facilitating carbon-carbon bond formation makes it a key component in the development of active pharmaceutical ingredients (APIs) and other biologically active compounds.