Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of heterocyclic compounds, which are essential in drug discovery. The chemical is also employed in cross-coupling reactions, enabling the formation of complex molecular structures. Its role in the synthesis of biologically active molecules makes it significant in medicinal chemistry research. Additionally, it is utilized in the production of compounds with potential applications in crop protection and pest management.