Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it contributes to the synthesis of active ingredients with potential therapeutic effects. Additionally, it finds application in the creation of agrochemicals, aiding in the formulation of pesticides and herbicides. Its reactivity with nucleophiles makes it a versatile building block in the preparation of complex molecules for research and industrial purposes.