This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of heterocyclic compounds, which are often employed in the creation of drugs targeting neurological and inflammatory conditions. Additionally, it finds application in the synthesis of dyes and pigments, contributing to the coloration of textiles and other materials. Its role in research is also notable, as it is used in the study of chemical reactions and the development of novel organic molecules with potential therapeutic properties.