This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of various heterocyclic compounds. Its structure makes it particularly valuable in the synthesis of pharmaceuticals, especially in the creation of compounds with potential therapeutic properties. Additionally, it is employed in the production of agrochemicals, contributing to the formulation of pesticides and herbicides. The compound's unique properties also make it useful in material science, particularly in the development of novel polymers and coatings with enhanced performance characteristics. Its application in catalysis is another area of interest, where it aids in facilitating specific chemical reactions, improving efficiency and selectivity.