This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of various heterocyclic compounds, which are essential for developing drugs with therapeutic properties. Its structure allows for versatile chemical modifications, making it valuable in creating compounds with potential antimicrobial, anti-inflammatory, or anticancer activities. Additionally, it is employed in research to explore novel chemical reactions and pathways, contributing to advancements in organic chemistry and material science.