This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique heterocyclic structure. In pharmaceuticals, it serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structural framework is often incorporated into compounds designed for their potential therapeutic effects, such as antipsychotic or antidepressant properties. In agrochemicals, it is employed in the development of novel pesticides or herbicides, leveraging its chemical reactivity to enhance efficacy and specificity. Researchers also explore its use in organic synthesis to create complex molecules for further study in drug discovery and material science applications.