This compound is widely utilized in the field of organic synthesis, particularly as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is valuable for constructing complex molecules, especially those with potential biological activity. It is often employed in the development of compounds that exhibit therapeutic properties, such as anti-inflammatory, antimicrobial, or anticancer effects. Additionally, its unique chemical framework makes it a useful building block in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry. Researchers also explore its potential in material science, where it can contribute to the creation of organic electronic materials or specialized polymers.