This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of various pharmaceutical agents. Its unique structure makes it valuable for constructing complex molecules, particularly those targeting biological pathways. Researchers often employ it in the synthesis of heterocyclic compounds, which are essential in drug discovery for their potential therapeutic properties. Additionally, it has shown promise in the creation of agrochemicals, contributing to the development of new pesticides or herbicides. Its versatility in chemical reactions also makes it a useful building block in material science, particularly in the design of specialized polymers or coatings.