Used as a key intermediate in the synthesis of pharmaceuticals and biologically active compounds, particularly in the development of nitrogen-containing heterocyclic systems. It serves as a building block in the preparation of porphyrins, which are essential in the formation of heme and chlorophyll analogs. Also employed in coordination chemistry as a ligand precursor for metal-organic frameworks and catalysts. Its functionalized structure allows for selective derivatization in organic synthesis, making it valuable in research laboratories for designing novel compounds with potential medicinal or material science applications.