It is primarily used as an intermediate in the synthesis of more complex chemical compounds, particularly in the pharmaceutical and agrochemical industries. Its structure allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs) and drug candidates. Additionally, it can be employed in the preparation of ligands for catalysis, aiding in the creation of specialized catalysts for organic reactions. Its role in the synthesis of heterocyclic compounds also makes it relevant in material science, particularly for the development of advanced polymers and coatings.