This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure makes it particularly valuable in the development of pharmaceutical compounds, especially those targeting specific biological pathways. Researchers often employ it in the synthesis of potential drug candidates due to its reactive sites, which allow for further functionalization. Additionally, it finds application in the creation of agrochemicals, contributing to the development of pesticides or herbicides with enhanced efficacy. Its role in material science is also notable, as it can be used to design novel organic materials with specific electronic or optical properties. Overall, its versatility makes it a valuable component in various research and industrial applications.