This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of more complex molecules. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Its structure allows for functionalization, making it valuable in the synthesis of heterocyclic compounds, which are often key components in drug discovery. Additionally, it can be used in the development of agrochemicals, where it contributes to the creation of compounds with pesticidal or herbicidal properties. Its application extends to material science, where it aids in the synthesis of specialized polymers or coatings with specific performance characteristics.