This compound is primarily utilized in organic synthesis as a versatile intermediate for the production of more complex molecules. Its structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of heterocyclic compounds that exhibit biological activity. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides or herbicides. Its role in material science is also notable, as it can be used in the design of specialized polymers or coatings with unique properties. Researchers often leverage its reactivity to explore novel chemical pathways and develop innovative compounds for various industrial applications.