Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting neurological and cardiovascular disorders. Its structure allows for the development of complex molecules through reactions like condensation and cyclization. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its versatility in forming nitrogen-containing heterocycles makes it valuable in research and industrial applications for designing novel compounds with potential biological activity.