This chemical is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the production of various pharmaceuticals, agrochemicals, and specialty chemicals. Its unique structure allows for the development of complex molecules, particularly in the synthesis of heterocyclic compounds. Additionally, it is employed in the creation of active ingredients for crop protection products, contributing to pest and disease management in agriculture. Its reactivity also makes it valuable in the development of fine chemicals and polymers, where it aids in achieving specific functional properties.