Used primarily in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of molecules with potential therapeutic effects, such as those targeting neurological or cardiovascular diseases. Additionally, it finds application in organic chemistry research for constructing complex heterocyclic structures, which are often explored for their biological activity. Its role in the preparation of dyes and pigments is also notable, contributing to advancements in material science and industrial applications.