This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, particularly in the development of compounds with potential therapeutic properties. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery for their biological activity. Additionally, it finds use in research settings for studying reaction mechanisms and developing new synthetic methodologies. Its application extends to material science, where it contributes to the design of organic semiconductors and other functional materials.