This compound is primarily utilized in the synthesis of various pharmaceutical agents due to its structural properties, which make it a valuable intermediate in medicinal chemistry. It is often employed in the development of compounds with potential therapeutic effects, particularly in the design of molecules targeting neurological disorders or as anti-inflammatory agents. Additionally, its unique heterocyclic structure allows it to act as a building block in the creation of more complex chemical entities, which are then tested for biological activity. Researchers also explore its use in the development of agrochemicals, where it may serve as a precursor for compounds with herbicidal or pesticidal properties. Its versatility in organic synthesis makes it a key component in the research and development of new chemical entities across various industries.