This chemical is primarily used in organic synthesis as a key intermediate for the development of more complex compounds. It serves as a building block in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Additionally, it is employed in the creation of agrochemicals, such as pesticides and herbicides, due to its structural versatility. The compound is also utilized in research and development for designing novel materials and catalysts, contributing to advancements in chemical engineering and material science. Its role in facilitating the formation of heterocyclic compounds makes it valuable in medicinal chemistry and drug discovery processes.