This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, particularly in the synthesis of pyridine derivatives, which are often found in drugs targeting neurological and inflammatory conditions. Additionally, it serves as a building block in the production of compounds with potential antimicrobial and anticancer properties. Its reactivity also allows for further functionalization, enabling the creation of diverse chemical libraries for drug discovery and development.