It is widely used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows for versatile reactions, making it valuable in the construction of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) and agrochemicals. Additionally, it serves as a key building block in the preparation of heterocyclic compounds, which are essential in drug discovery and development. Its application extends to the field of materials science, where it contributes to the creation of specialized polymers and coatings.