This chemical is primarily utilized in the field of organic synthesis, where it serves as an intermediate in the production of more complex chemical compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it finds application in the research and development of agrochemicals, contributing to the creation of pesticides or herbicides that protect crops from pests and diseases. Its structure allows for further functionalization, making it a versatile building block in medicinal chemistry and material science. Researchers also explore its potential in designing novel compounds with specific biological or chemical properties.