This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the production of fungicides and herbicides, contributing to the development of effective crop protection agents. Additionally, it is employed in organic synthesis to create complex molecules with potential biological activity, making it valuable in drug discovery and development processes. Its role in the creation of thiazole derivatives also supports advancements in materials science, particularly in the design of specialized polymers and coatings.