Used in the synthesis of various heterocyclic compounds, it serves as a key intermediate in pharmaceutical research, particularly for developing drugs with potential anti-inflammatory, antimicrobial, and anticancer properties. Its structure is valuable in organic chemistry for constructing complex molecules, including pyrrole derivatives, which are essential in medicinal chemistry. Additionally, it finds application in the production of agrochemicals, contributing to the development of novel pesticides and herbicides. Its versatility also extends to material science, where it aids in creating advanced organic materials with specific electronic or optical properties.