Used in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. Its application extends to the development of pharmaceuticals, where it serves as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it is employed in the production of agrochemicals, contributing to the creation of pesticides and herbicides. The compound is also utilized in material science for the synthesis of specialized polymers and coatings, enhancing their properties for specific industrial applications. Its role in research and development is significant, aiding in the discovery of new chemical entities and innovative materials.