This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the development of active pharmaceutical ingredients (APIs), particularly in the creation of compounds with potential therapeutic effects. Its structure is often exploited in medicinal chemistry to design molecules that can interact with biological targets, such as enzymes or receptors, making it valuable in drug discovery and development processes. Additionally, it may be used in agricultural chemistry for the formulation of agrochemicals, contributing to the development of new pesticides or herbicides. Its versatility in organic synthesis also makes it a useful reagent in research laboratories for exploring novel chemical reactions and pathways.