This compound is primarily utilized in organic synthesis as a versatile intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of pyridine derivatives, which are essential in the development of drugs targeting neurological disorders, inflammation, and infections. Additionally, it is employed in the creation of complex molecules for research purposes, particularly in the study of enzyme inhibitors and receptor modulators. Its role in the synthesis of fine chemicals and active pharmaceutical ingredients (APIs) makes it valuable in the pharmaceutical industry.