Used as a key intermediate in the synthesis of pharmaceuticals and biologically active compounds, particularly in the development of pyrrole-based drugs. Its structure allows for functionalization at multiple sites, making it valuable in medicinal chemistry for constructing heterocyclic frameworks. Commonly employed in the preparation of kinase inhibitors and anti-inflammatory agents. Also utilized in agrochemical research for designing new crop protection agents due to its reactivity and ability to form complex molecules through condensation and cyclization reactions.