Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its pyrrole core structure is valuable in the development of bioactive molecules, particularly in the design of compounds with potential anti-inflammatory or antimicrobial properties. Additionally, it is utilized in research for creating novel heterocyclic compounds, which are essential in medicinal chemistry for drug discovery and development. Its carboxylic acid group allows for further functionalization, making it versatile in constructing complex molecular architectures.