This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the creation of various bioactive compounds, including potential drug candidates targeting specific enzymes or receptors. Its structure is advantageous in medicinal chemistry for designing molecules with improved binding affinity and selectivity. Additionally, it is employed in research for the synthesis of heterocyclic compounds, which are often explored for their therapeutic properties. Its application extends to material science, where it can be used in the preparation of functional materials with potential electronic or optical properties.