Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs that target specific enzymes or receptors, making it crucial in the design of new therapeutic agents. Additionally, it is employed in research settings to study chemical reactions and mechanisms, aiding in the advancement of medicinal chemistry. Its role in synthesizing complex molecules also extends to agrochemicals, where it contributes to the creation of compounds used in crop protection and pest management.