This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various heterocyclic compounds. It is particularly valuable in the pharmaceutical industry for the preparation of bioactive molecules, including potential drug candidates. Its structure allows it to act as a building block in the synthesis of more complex compounds, especially those targeting specific biological pathways. Additionally, it finds application in materials science, where it contributes to the creation of specialized polymers or coatings with unique properties. Its versatility makes it a useful component in research and industrial processes.