Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of antifungal, antiviral, and anticancer agents. Serves as a building block in agrochemicals for creating herbicides and pesticides due to its ability to modulate biological activity in target organisms. Employed in materials science for synthesizing functionalized polymers and corrosion inhibitors. Also utilized in research laboratories for developing novel heterocyclic compounds through cross-coupling and substitution reactions.