This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of agrochemicals, contributing to the production of herbicides and pesticides. Its role in coordination chemistry is also noteworthy, as it can act as a ligand to form complexes with metal ions, which are studied for their potential catalytic properties.