This chemical is primarily used in the field of organic synthesis, particularly as a building block or intermediate in the production of more complex compounds. Its structure makes it valuable in the development of pharmaceuticals, where it can be incorporated into molecules designed for therapeutic purposes. Additionally, it finds applications in agrochemical research, aiding in the creation of compounds that may serve as pesticides or herbicides. Its reactivity and functional groups allow for further modifications, making it a versatile component in various chemical processes.