This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the construction of heterocyclic compounds, which are essential in the production of pharmaceuticals and agrochemicals. Its structure allows it to act as a building block in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Additionally, it is employed in research settings to study reaction mechanisms and develop novel synthetic pathways, contributing to advancements in medicinal chemistry and material science.