This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure allows it to serve as a building block for more complex molecules, particularly in the development of compounds with potential therapeutic properties. Researchers often employ it in the synthesis of heterocyclic compounds, which are crucial in drug discovery due to their diverse biological activities. Additionally, it finds application in the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies. Its role in the creation of novel materials with specific chemical properties is also being explored, making it a versatile component in industrial and academic research.