This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of various pharmaceuticals and agrochemicals. Its structure makes it suitable for constructing more complex molecules, particularly in the synthesis of heterocyclic compounds. It is often employed in the preparation of pyridazine derivatives, which are known for their biological activity. Additionally, it serves as a key building block in medicinal chemistry research for designing potential drug candidates targeting specific enzymes or receptors. Its applications extend to the field of materials science, where it can be used in the development of specialized polymers or coatings with unique properties.