This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) due to its versatile reactivity, particularly in the formation of heterocyclic structures. Additionally, it is employed in the production of pesticides and herbicides, where its structural properties contribute to the efficacy of these products. The compound is also used in research and development for creating novel organic molecules with potential biological activities, making it valuable in drug discovery and material science applications.