This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of more complex compounds. Its structure is particularly valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmacological activities. Researchers leverage it to create derivatives that may exhibit biological properties, such as antimicrobial, anti-inflammatory, or anticancer effects. Additionally, it is employed in the study of chemical reactions and mechanisms, aiding in the advancement of synthetic methodologies. Its application extends to material science, where it is used to develop novel organic materials with specific electronic or optical properties.