This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of various heterocyclic compounds. Its structure is particularly valuable in the synthesis of pharmaceuticals, where it can be incorporated into molecules designed for therapeutic purposes. Additionally, it finds application in the preparation of agrochemicals, contributing to the creation of new pesticides or herbicides. Researchers also explore its potential in material science, particularly in the development of novel polymers or coatings with specific properties. Its reactivity and functional groups make it a useful building block in the design of complex chemical structures.