This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of compounds with potential biological activity, such as antimicrobial or antifungal agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with specific therapeutic effects. Researchers also explore its use in creating novel materials with unique properties for industrial applications.