Used as an intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting neurological disorders and anti-inflammatory agents. It is also employed in organic chemistry research for the preparation of heterocyclic compounds, which are valuable in medicinal chemistry. Additionally, it serves as a building block in the creation of fluorescent dyes and sensors due to its unique structural properties. Its application extends to agrochemical research, where it is utilized in the development of novel pesticides and herbicides.