Used in organic synthesis as a key intermediate for the production of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic properties. Additionally, it is utilized in the preparation of agrochemicals, contributing to the creation of pesticides or herbicides. Its structure is also valuable in material science for designing functional materials or dyes. Researchers often employ it in academic and industrial settings for exploring novel chemical reactions and pathways.