This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active ingredients. Its structure makes it a valuable building block in the development of heterocyclic compounds, which are often employed in medicinal chemistry for creating drugs with potential therapeutic effects. Additionally, it serves as a precursor in the production of agrochemicals, particularly in the formulation of pesticides and herbicides. Its unique chemical properties also make it suitable for research purposes in organic synthesis, where it is used to explore new reactions and pathways for creating complex molecules.