This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active compounds. Its structure makes it valuable for developing pharmaceuticals, particularly in the creation of drugs targeting infectious diseases and cancer. Additionally, it is employed in the synthesis of complex molecules for research purposes, aiding in the study of chemical reactions and mechanisms. Its unique properties also make it suitable for use in material science, particularly in the development of advanced organic materials with specific electronic or optical characteristics.