Used as a key intermediate in the synthesis of complex organic compounds, particularly in the production of pharmaceuticals and agrochemicals. Its structure makes it valuable in coordination chemistry, where it acts as a ligand for metal ions, facilitating the formation of stable complexes. Applied in the development of catalysts for organic reactions, enhancing efficiency and selectivity. Also utilized in the preparation of heterocyclic compounds, which are essential in drug discovery and material science. Its reactivity and versatility make it a useful building block in organic synthesis.