This chemical is primarily used in organic synthesis as a versatile building block for constructing more complex molecules. It is particularly valuable in the preparation of heterocyclic compounds, which are essential in medicinal chemistry and drug development. The compound's structure allows it to participate in various reactions, such as nucleophilic substitutions and cyclizations, making it useful for synthesizing biologically active molecules. Additionally, it serves as an intermediate in the production of agrochemicals and dyes. Its unique properties also make it a candidate for research in material science, particularly in the development of organic electronic materials.