Used in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. It plays a key role in the development of pharmaceuticals, particularly in the synthesis of potential drug candidates with antimicrobial, antiviral, or anti-inflammatory properties. Additionally, it is employed in the research and development of agrochemicals, contributing to the creation of novel pesticides or herbicides. Its unique structure allows for further functionalization, making it valuable in medicinal chemistry and material science applications.