This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the production of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, as its structure can be modified to create active ingredients for drugs targeting specific diseases. Additionally, it finds application in agrochemical research, aiding in the synthesis of novel pesticides and herbicides. Its role in facilitating complex chemical reactions makes it a key component in the creation of advanced materials and specialty chemicals.