This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure allows it to participate in reactions that form complex molecules, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is employed in research settings to study reaction mechanisms and to develop new synthetic methods. Its versatility also extends to the creation of agrochemicals, where it contributes to the synthesis of compounds used in crop protection and pest management. Overall, its role is significant in advancing both medicinal and agricultural chemistry.