This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and fine chemicals. It serves as a building block in the synthesis of complex molecules, particularly in the development of compounds with potential biological activity. Its structure is often leveraged in the creation of heterocyclic compounds, which are essential in drug discovery and development. Additionally, it is employed in research settings to study reaction mechanisms and to develop new synthetic methodologies. Its versatility makes it valuable in the preparation of dyes, agrochemicals, and other specialty chemicals.