This chemical is primarily utilized in the synthesis of various heterocyclic compounds, which are crucial in pharmaceutical and agrochemical industries. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) for medications targeting inflammation, infections, and other therapeutic areas. Additionally, it is employed in the creation of pesticides and herbicides, contributing to crop protection and agricultural productivity. Its role in organic synthesis also extends to the production of dyes, pigments, and other specialty chemicals.