This compound is primarily utilized in the synthesis of various heterocyclic compounds, which are essential in pharmaceutical research and development. It serves as a key intermediate in the production of pyrimidine derivatives, which are known for their biological activities, including antimicrobial, antiviral, and anticancer properties. Additionally, it is employed in the preparation of agrochemicals, particularly in the development of herbicides and pesticides, due to its structural versatility. Its role in organic synthesis also extends to the creation of dyes and pigments, contributing to the chemical industry. Researchers value this compound for its ability to introduce functional groups that enhance the efficacy of target molecules.