This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of more complex molecules. Its structure makes it suitable for constructing heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. Researchers use it to create potential drug candidates, particularly in the areas of oncology and neurology, due to its ability to interact with biological targets. Additionally, it is employed in the synthesis of ligands for metal complexes, which can be applied in catalysis or material science. Its reactivity and versatility make it a valuable building block in medicinal chemistry and industrial applications.