This compound is primarily utilized in the synthesis of various heterocyclic compounds, which are essential in pharmaceutical research. It serves as a key intermediate in the development of potential drug candidates, particularly those targeting neurological disorders and infections. Its structure allows for the creation of molecules with significant biological activity, making it valuable in medicinal chemistry. Additionally, it is used in organic synthesis to produce compounds with potential applications in agrochemicals, contributing to the development of new pesticides or herbicides. Its versatility in chemical reactions makes it a useful building block in the creation of complex molecules for diverse industrial applications.