Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial, antifungal, and anticancer properties. Its structure serves as a building block in heterocyclic chemistry, enabling the construction of complex pyrrole-based compounds. Commonly employed in medicinal chemistry for derivatization through cross-coupling reactions or amidation, it supports the creation of compound libraries for drug discovery. Also utilized in the preparation of functional materials and ligands for catalysis due to its ability to coordinate with metal centers.