This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of pyrimidine derivatives, which are known for their biological activities. Additionally, it is employed in the production of agrochemicals, where it serves as a building block for creating compounds with potential pesticidal or herbicidal properties. Its versatility in chemical reactions makes it valuable in research and industrial applications aimed at discovering new therapeutic agents or crop protection solutions.