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 makes it valuable for developing pharmaceuticals, particularly in the synthesis of molecules with potential therapeutic properties. It is also explored in the creation of agrochemicals, where it contributes to the development of new pesticides or herbicides. Additionally, its unique chemical properties make it a candidate for use in materials science, particularly in the design of organic electronic materials or dyes. Researchers often leverage its reactivity to construct complex molecular frameworks for diverse industrial applications.