This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex compounds. It is often employed in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it serves as a building block in the creation of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with therapeutic properties. Its structure is also valuable in material science, where it contributes to the development of organic electronic materials and functional polymers.