This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Additionally, it is used in the study of Schiff bases, which are important in coordination chemistry for creating metal complexes with applications in catalysis and material science. Its structural properties make it suitable for research in designing new chemical entities for drug discovery and development.