This compound is primarily utilized in the synthesis of various heterocyclic compounds, which are essential in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients for drugs targeting a range of diseases, including infections and inflammatory conditions. Additionally, it is employed in the creation of fungicides and herbicides, contributing to crop protection and agricultural productivity. Its role in organic synthesis also extends to the preparation of ligands for metal complexes used in catalysis and material science.