Used in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of compounds with potential therapeutic properties, such as antifungal and antibacterial agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are valuable in material science for creating organic electronic materials and polymers. Its reactivity makes it a versatile building block in various chemical reactions, including cross-coupling and condensation processes.