It is primarily used as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its structure is valuable in the development of compounds with potential biological activity, particularly in the creation of antifungal and antibacterial agents. Additionally, it plays a role in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development. Its applications extend to research and development labs where it is utilized for studying chemical reactions and designing novel molecules with therapeutic potential.