This chemical is primarily utilized in the synthesis of heterocyclic compounds, which are essential in the development of pharmaceuticals and agrochemicals. Its structure makes it a valuable intermediate in the production of biologically active molecules, particularly those targeting specific enzymes or receptors. Additionally, it serves as a building block in the creation of complex organic molecules used in material science, where its unique properties contribute to the development of advanced materials with specialized functions. Its versatility in chemical reactions also makes it a key component in research and development for novel compounds with potential therapeutic or industrial applications.