Used in organic synthesis as a building block for more complex molecules, particularly in pharmaceuticals and agrochemicals. It serves as a precursor in the development of compounds with potential biological activity, such as antimicrobial or anti-inflammatory agents. Its structure is valuable in creating heterocyclic compounds, which are often explored for their therapeutic properties. Additionally, it is utilized in materials science for the synthesis of specialized polymers and dyes. Its reactivity makes it a key intermediate in research and industrial applications.