Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of heterocyclic compounds, which are essential in drug discovery for targeting diseases such as cancer and infections. Additionally, it plays a role in the development of agrochemicals, contributing to the production of pesticides and herbicides. Its reactivity and functional groups make it a versatile building block in organic chemistry, enabling the design of complex molecules with specific biological activities.