This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of heterocyclic structures. It serves as a key intermediate in the production of agrochemicals, including pesticides and herbicides, due to its ability to form stable and reactive intermediates. Additionally, it finds application in pharmaceutical research for the creation of biologically active molecules, often contributing to the development of drugs targeting specific diseases. Its reactivity with various nucleophiles and electrophiles makes it a versatile building block in organic synthesis, enabling the construction of complex molecular frameworks.