Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antiviral and antibacterial agents. Its structure allows for further functionalization, making it valuable in developing active ingredients in medicinal chemistry. Also employed in the preparation of agrochemicals, including herbicides and plant growth regulators, due to its reactivity and stability under various reaction conditions. Additionally, it serves as a building block in the creation of complex heterocyclic compounds for research and development in organic synthesis.