Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential biological activity, such as anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it is employed in research settings to study heterocyclic chemistry and to develop novel chemical entities with therapeutic potential. Its structure allows for further functionalization, making it a versatile building block in medicinal chemistry.