This compound is primarily utilized in organic synthesis as a versatile intermediate. It is commonly employed in the preparation of various heterocyclic compounds, which are essential in pharmaceutical research and development. Its structure allows it to act as a building block for synthesizing complex molecules, particularly in the creation of potential drug candidates. Additionally, it is used in the production of agrochemicals, where it contributes to the development of active ingredients for crop protection. Its reactivity and functional groups make it valuable in fine chemical manufacturing, enabling the creation of specialized chemicals for industrial applications.