This compound is primarily utilized in organic synthesis as a building block for the creation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Additionally, it is employed in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its pyrrole ring structure makes it valuable in the field of material science, where it is used to develop conductive polymers and organic electronic materials. Researchers also explore its potential in the synthesis of dyes and pigments due to its ability to form stable, colorful compounds.