Used in organic synthesis as a key intermediate for the production of complex molecules, particularly in pharmaceuticals and agrochemicals. Its structure is valuable in constructing heterocyclic compounds, which are essential in drug development. Additionally, it serves as a precursor in the synthesis of bioactive compounds with potential therapeutic applications, such as antioxidants and anti-inflammatory agents. In material science, it contributes to the development of advanced polymers and coatings due to its reactive functional groups. Its role in research and industrial processes highlights its versatility in creating innovative chemical products.