This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of various heterocyclic compounds, which are essential for developing drugs with therapeutic properties. Its unique structure allows it to participate in reactions that form biologically active molecules, making it valuable in medicinal chemistry. Additionally, it is used in research and development for creating novel chemical entities with potential applications in treating diseases or enhancing crop protection. Its versatility in chemical reactions makes it a crucial component in advancing innovative solutions in these fields.