This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and organic compounds. It plays a key role in the development of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Its structure allows it to participate in cyclization and coupling reactions, making it valuable for creating complex molecules. Additionally, it is utilized in the production of agrochemicals, contributing to the development of pesticides and herbicides. Its versatility in organic synthesis also extends to the creation of specialty chemicals used in research and industrial applications.