This chemical is primarily used in organic synthesis as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, particularly in the synthesis of heterocyclic compounds. It is often employed in the development of drugs targeting neurological disorders, as it can be modified to create compounds with specific biological activities. Additionally, it is utilized in the preparation of herbicides and insecticides, where its reactivity helps in building effective active ingredients. Its role in these applications highlights its importance in advancing both medicinal and agricultural chemistry.