Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. Its application extends to the development of pharmaceuticals, where it is utilized in the synthesis of drugs with potential antimicrobial and anticancer properties. Additionally, it plays a role in the creation of ligands for metal complexes, which are studied for their catalytic and biological activities. In material science, it contributes to the development of novel polymers and coatings with enhanced properties. It is also employed as an analytical reagent for the detection and separation of certain compounds. Its versatility makes it valuable in research and industrial processes aimed at advancing chemical and medical technologies.