Used in organic synthesis as a building block for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activity, such as anti-inflammatory or antimicrobial agents. Additionally, it is employed in research for designing and synthesizing novel heterocyclic compounds, which are valuable in medicinal chemistry. Its structure makes it suitable for coordination chemistry, where it can act as a ligand in metal complexes for catalytic applications.