This compound is primarily utilized in organic synthesis as a key intermediate for the production of more complex chemical structures. It serves as a building block in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. Additionally, it is employed in the creation of agrochemicals, where it contributes to the formulation of pesticides or herbicides. Its role in the synthesis of heterocyclic compounds is also notable, as it aids in the development of materials with specific electronic or optical properties, useful in advanced material science applications.