Used as a reagent in organic synthesis, particularly in the preparation of complex molecules and pharmaceutical intermediates. It serves as a building block in the development of active pharmaceutical ingredients (APIs) due to its stable structure. Applied in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Also utilized in research laboratories for studying reaction mechanisms and developing new synthetic pathways. Its role in catalysis and as a ligand in coordination chemistry is noteworthy, aiding in the formation of metal complexes.