Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a versatile building block in the creation of biologically active molecules, including potential drugs targeting specific enzymes or receptors. Additionally, it is employed in the synthesis of fluorescent dyes and probes for biochemical research, aiding in the study of cellular processes and molecular interactions. Its reactivity with amines and other nucleophiles makes it valuable in the design of novel compounds with potential therapeutic or diagnostic applications.