This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of thiazole derivatives, which are known for their biological activity. These derivatives are often explored for their potential use in creating antifungal, antibacterial, and antiviral agents. Additionally, it is employed in the research and development of dyes and pigments due to its structural properties that allow for the formation of stable and vibrant compounds. Its role in organic synthesis also extends to the creation of complex molecules used in material science, particularly in the design of advanced polymers and coatings.