Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential antiviral and anti-inflammatory properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing new drug candidates. It is also employed in agrochemical research to create novel pesticides and herbicides due to its stability and reactivity profile. Additionally, it serves in the preparation of heterocyclic compounds used in materials science, especially in the development of specialty polymers and sensors.