This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its unique structure makes it valuable for developing pharmaceuticals, particularly in the synthesis of potential drug candidates with anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is explored in material science for the creation of novel organic materials with specific electronic or photochemical characteristics. Its applications also extend to agrochemical research, where it is used to develop new pesticides or herbicides. The compound's versatility in forming complex structures makes it a valuable tool in research and industrial chemistry.