This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the preparation of complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure makes it a valuable building block for creating heterocyclic compounds, which are crucial in drug discovery and medicinal chemistry. Additionally, it is used in the production of agrochemicals, contributing to the development of pesticides and herbicides. Its role in catalysis and material science is also noteworthy, as it can be incorporated into ligands for metal complexes, enhancing their efficiency in various chemical reactions.