Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of heterocyclic compounds, which are crucial in drug development. The compound is also employed in the preparation of agrochemicals, contributing to the creation of pesticides and herbicides. Additionally, it plays a role in the development of biologically active molecules, aiding in research for new therapeutic agents. Its reactivity makes it a versatile reagent in medicinal chemistry, enabling the construction of complex molecular structures.