Used in organic synthesis as a key intermediate for the development of pharmaceuticals and agrochemicals. It serves as a building block for creating compounds with potential biological activities, such as antimicrobial, anticancer, and anti-inflammatory agents. Its structure is particularly valuable in the design of heterocyclic compounds, which are essential in drug discovery. Additionally, it is employed in the synthesis of ligands for metal complexes used in catalysis and material science. Its versatility makes it a valuable component in research and industrial applications.