This chemical is primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Its structure allows for functional group transformations, making it valuable in the creation of complex molecules. Additionally, it is employed in the production of agrochemicals, contributing to the development of pesticides and herbicides that enhance crop protection. Its role in research and development is significant, aiding in the discovery of new compounds with potential therapeutic or agricultural applications.