Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its pyrrole ring structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological and metabolic disorders. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored compounds. In research, it is utilized to study heterocyclic chemistry and to develop novel compounds with potential therapeutic or industrial applications.