This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. It is often employed in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that require complex molecular structures. Additionally, it serves as a key intermediate in the production of agrochemicals, where it contributes to the creation of compounds with specific biological activities. In material science, it is used to develop novel organic materials with potential applications in electronics and photonics. Its reactivity with different functional groups makes it valuable for constructing complex molecules in research and industrial settings.