This chemical is primarily utilized in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Its pyrrole ring structure makes it valuable in the creation of heterocyclic compounds, which are often explored for their biological activities. Additionally, it is used in the synthesis of agrochemicals, contributing to the development of pesticides or herbicides. In research, it is employed in the study of chemical reactions and the design of novel materials, such as organic semiconductors or dyes. Its carboxylic acid group allows for further functionalization, making it versatile in various chemical applications.