Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. It is particularly valuable in the synthesis of thiazole derivatives, which are important in the development of pharmaceuticals and agrochemicals. The compound's reactivity with different reagents allows for the creation of complex molecules with potential biological activity. Additionally, it is employed in the preparation of ligands for metal coordination chemistry, aiding in the study of catalytic processes and material science. Its versatility makes it a useful building block in research and industrial applications.