This chemical is primarily used in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its unique structure makes it valuable for constructing heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. Researchers utilize it to develop potential drug candidates, particularly in the areas of antiviral, antibacterial, and anticancer therapies. Additionally, it is employed in material science for the creation of specialized organic materials with specific electronic or optical properties. Its versatility and reactivity make it a crucial component in advanced chemical research and industrial applications.