This chemical is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic applications. Its structure allows for further functionalization, making it valuable in the creation of heterocyclic compounds, which are often explored for their biological activity. Additionally, it is employed in the research and development of agrochemicals, where it contributes to the design of new pesticides or herbicides. Its role in material science is also notable, as it can be used to synthesize specialized polymers or ligands for coordination chemistry.