This compound is primarily utilized in the synthesis of various heterocyclic compounds, which are crucial in pharmaceutical research. It serves as a key intermediate in the development of potential drug candidates, particularly in the creation of molecules with antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it is employed in the preparation of pyrimidine derivatives, which are often explored for their biological activities. Its role in organic synthesis also extends to the production of agrochemicals, where it contributes to the development of new pesticides and herbicides. The compound's versatility makes it valuable in medicinal chemistry and material science research.