Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceutical compounds. Its structure allows for the development of various heterocyclic compounds, which are essential in drug discovery. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. The compound’s reactivity also makes it useful in the preparation of fine chemicals and specialty materials, including dyes and pigments. Its applications extend to research laboratories, where it is utilized for studying reaction mechanisms and developing new synthetic pathways.