Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure allows for further functionalization, making it valuable in the creation of complex molecules. Additionally, it is employed in organic synthesis for the preparation of heterocyclic compounds, which are essential in the development of drugs targeting neurological and infectious diseases. In agrochemical research, it is utilized to develop novel pesticides and herbicides due to its reactivity and ability to form stable derivatives. Its applications also extend to material science, where it is used in the synthesis of specialized polymers and ligands for catalysis.