This chemical is primarily used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various heterocyclic compounds, which are essential in creating drugs with therapeutic properties. Additionally, it is utilized in the manufacturing of dyes and pigments, contributing to the coloration of materials in industries such as textiles and plastics. Its role in organic synthesis also extends to research and development, where it aids in the creation of novel chemical entities for further study and application.