This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of various pharmaceutical agents. Its structure is particularly valuable in the development of heterocyclic compounds, which are often employed in drug discovery and medicinal chemistry. The compound plays a role in synthesizing molecules with potential biological activities, such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is used in research laboratories to study reaction mechanisms and develop novel synthetic pathways for complex organic molecules. Its application extends to the preparation of dyes and pigments, where its aromatic and heterocyclic nature contributes to the stability and color properties of the final product.