This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its structure is particularly valuable in the development of pharmaceuticals, especially in the synthesis of drugs that target central nervous system disorders. Additionally, it finds application in the creation of agrochemicals, contributing to the development of pesticides and herbicides that are effective in protecting crops. The compound's versatility also extends to materials science, where it is used in the design of advanced polymers and coatings with enhanced properties.