This chemical is primarily used in organic synthesis as a versatile intermediate for the preparation of various complex molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it useful in the creation of compounds with potential therapeutic properties, such as antimicrobial or anticancer agents. Additionally, it finds applications in material science, where it contributes to the synthesis of advanced materials with specific electronic or optical properties. Its role in coordination chemistry is also notable, as it can act as a ligand to form metal complexes with potential catalytic or industrial applications.