This compound finds its application primarily in the field of organic synthesis, where it serves as a versatile intermediate for the development of various pharmaceuticals and agrochemicals. It is particularly useful in the synthesis of heterocyclic compounds, which are crucial in the design of drugs targeting specific biological pathways. Additionally, its structural features make it a valuable building block in the creation of molecules with potential anti-inflammatory, analgesic, and antimicrobial properties. Researchers also explore its utility in the development of novel materials and coordination complexes due to its ability to act as a ligand in metal-organic frameworks.