This compound is primarily utilized in organic synthesis as a key intermediate for the production of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules and drug candidates. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its application also extends to material science, where it is used in the synthesis of organic electronic materials and dyes. The compound’s versatility makes it valuable in research and industrial processes aimed at developing innovative chemical products.