Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. Its structure is particularly valuable in the development of pharmaceuticals, where it contributes to the creation of molecules with potential therapeutic properties. Additionally, it is employed in the synthesis of agrochemicals, aiding in the development of pesticides and herbicides. The compound's unique chemical properties also make it useful in material science, particularly in the design of organic electronic materials and dyes. Its applications extend to research laboratories, where it is utilized for studying reaction mechanisms and developing new synthetic methodologies.