This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmacologically active molecules. Its structure is particularly valuable in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage this chemical in the synthesis of novel drug candidates, especially those targeting neurological and cardiovascular disorders. Additionally, it finds application in the preparation of agrochemicals, contributing to the development of new pesticides and herbicides. Its role in these processes highlights its importance in advancing both medicinal and agricultural chemistry.