Used primarily as a reactive intermediate in organic synthesis, this compound serves as a vinylating agent in the preparation of styrene derivatives and other aromatic olefins. It participates in palladium-catalyzed coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical manufacturing. Its activated vinyl group allows for facile nucleophilic attack, making it useful in the synthesis of complex molecules where controlled olefin insertion is required. Additionally, it functions as a protecting group reagent for alcohols and phenols in multi-step synthesis due to its selective deprotection under mild conditions.