This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in the creation of agrochemicals, where it contributes to the development of new pesticides or herbicides. Its pyrrole ring structure makes it valuable in materials science for designing functional materials, such as conductive polymers or dyes. Researchers also explore its use in the synthesis of heterocyclic compounds, which are important in various chemical industries.