This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of various pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its structure allows it to participate in cyclization and condensation reactions, making it valuable for constructing complex molecular frameworks. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with targeted biological activities. Its application extends to agrochemical research, where it contributes to the development of novel pesticides and herbicides.