This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. Its structure makes it suitable for constructing heterocyclic compounds, which are often explored for their potential biological activities. Researchers frequently employ it in the synthesis of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects, such as anti-inflammatory or antimicrobial agents. Additionally, it serves as a building block in the creation of agrochemicals, where it contributes to the formulation of pesticides or herbicides. Its unique chemical properties also make it valuable in material science, where it can be used to design novel organic materials with specific functionalities.