This compound is primarily used in the field of organic synthesis as a key intermediate for the development of various pharmaceuticals and agrochemicals. It serves as a building block in the synthesis of heterocyclic compounds, which are often explored for their biological activities. Researchers utilize it to create potential drug candidates, particularly in the development of anti-inflammatory, antimicrobial, and antifungal agents. Additionally, its structural framework is valuable in designing novel compounds for agricultural applications, such as herbicides or pesticides, due to its ability to interact with biological systems. Its versatility in chemical reactions makes it a valuable tool in medicinal chemistry and crop protection research.