Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. Its structure allows for easy functionalization, making it valuable in creating biologically active molecules. It is also employed in the preparation of nicotinic acid derivatives that show potential in medicinal chemistry, including anti-inflammatory and neuroprotective agents. Due to its stability and reactivity, it serves as a building block in heterocyclic chemistry for constructing complex molecules.