This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of various pharmaceuticals and bioactive molecules. Its unique structure allows it to participate in reactions that form heterocyclic compounds, which are often found in drugs targeting neurological and inflammatory conditions. Additionally, it is employed in the research and development of agrochemicals, particularly in the synthesis of herbicides and fungicides, due to its ability to modify biological activity and enhance efficacy. Its role in material science is also notable, as it contributes to the creation of specialized polymers with potential applications in coatings and adhesives.