Used primarily in the synthesis of complex organic compounds, this chemical serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for the development of active ingredients in drugs targeting various diseases, including antimicrobial and antifungal agents. Additionally, it is employed in the creation of dyes and pigments, contributing to vibrant and stable colors in industrial applications. Its role in research and development is significant, particularly in the study of heterocyclic compounds and their potential uses in medicinal chemistry.