This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as antimicrobial and anti-inflammatory agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in the design of new drugs and materials. Its role in facilitating complex chemical reactions makes it an important component in research and industrial applications aimed at discovering novel therapeutic and agricultural solutions.