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 unique structure makes it valuable for developing pharmaceuticals, particularly in the synthesis of drugs with potential antimicrobial and anti-inflammatory properties. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides and herbicides. Its application extends to material science, where it is used in the synthesis of specialized polymers and coatings with enhanced durability and resistance properties.