This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure makes it valuable for constructing heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. Specifically, it is used in the development of compounds with potential biological activity, such as inhibitors or modulators for enzymes and receptors. Researchers also employ it in medicinal chemistry to explore new drug candidates, particularly in the areas of anti-inflammatory, antimicrobial, or anticancer agents. Its versatility and reactivity make it a useful building block in various synthetic pathways.