Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. Its structure is particularly valuable in the development of pharmaceuticals, where it is utilized to create molecules with potential therapeutic properties. Additionally, it finds application in the synthesis of agrochemicals, contributing to the formulation of pesticides and herbicides. The compound's reactivity and stability make it a versatile building block in research and industrial chemistry, enabling the creation of complex chemical entities with specific biological activities.