This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceutical compounds. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are essential in creating drugs with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it serves as a building block in the preparation of agrochemicals, contributing to the development of pesticides and herbicides. Its role in research and development is significant, particularly in the design of novel bioactive molecules for therapeutic and agricultural applications.