Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antitumor and antimicrobial properties. Its structure allows for easy functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in research settings to construct pyrrole-based scaffolds found in kinase inhibitors and other therapeutic agents. Also utilized in materials science for the preparation of conductive polymers and organic semiconductors due to the electron-rich nature of the pyrrole ring.