Used in organic synthesis as a key intermediate for the production of various heterocyclic compounds, it plays a crucial role in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that target specific diseases. Its structure allows for the formation of complex molecules, making it valuable in the synthesis of drugs with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is utilized in agrochemical research for designing novel pesticides or herbicides. Its versatility in chemical reactions also makes it a useful component in material science for creating specialized polymers or coatings.