Primarily used 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 creation of molecules with potential therapeutic properties. Additionally, it finds application in the synthesis of agrochemicals, aiding in the formulation of pesticides and herbicides. Its reactivity with nucleophiles makes it a versatile building block in medicinal chemistry, enabling the construction of complex structures for drug discovery and development.