This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of compounds with potential biological activity. Additionally, it is employed in research settings for the synthesis of complex molecules, particularly in the study of heterocyclic chemistry. Its applications also extend to material science, where it can be used in the preparation of specialized polymers and coatings.