Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building heterocyclic compounds. It is also employed in agrochemical research for designing new pesticides and herbicides due to its bioactive properties. Additionally, it serves in materials science as a precursor for corrosion inhibitors and in the preparation of coordination complexes with metal ions for catalytic applications.