This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage this chemical to develop novel drug candidates, especially in the areas of central nervous system disorders, inflammation, and oncology. Its role in organic synthesis allows for the construction of complex molecular frameworks, aiding in the discovery of new medicinal agents. Additionally, it is employed in the preparation of compounds with potential applications in agrochemicals, contributing to the development of new pesticides or herbicides.