Used primarily in organic synthesis, this compound serves as a versatile intermediate for creating more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its unique structure allows it to act as a building block in the formation of heterocycles, which are crucial in drug design. Additionally, it finds application in agrochemical research for developing new pesticides and herbicides, leveraging its stability and reactivity. In material science, it can be utilized to modify polymers, enhancing their properties for specific industrial applications.