Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and biologically active molecules. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex heterocyclic systems. It is particularly useful in the development of drug candidates targeting central nervous system disorders and inflammatory conditions. Additionally, it serves in the synthesis of agrochemicals, contributing to the creation of more effective and selective pesticides. Its reactivity profile also supports its use in catalysis and materials science research.