This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceutical intermediates. Its structure makes it a valuable building block in the creation of molecules with potential biological activity. It is often employed in research settings to explore new therapeutic agents, especially in the fields of anti-inflammatory and anticancer drug development. Additionally, it serves as a key component in the preparation of ligands for coordination chemistry, aiding in the study of metal complexes and their applications in catalysis. Its stability and reactivity also make it suitable for use in fine chemical manufacturing processes.