Used as a key intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a significant role in the development of heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Additionally, it serves as a building block for creating complex molecules with potential biological activities, such as anti-inflammatory, antimicrobial, and anticancer agents. Its versatility also extends to materials science, where it contributes to the design of novel polymers and organic electronic materials. Furthermore, it is employed in the production of fluorescent compounds and dyes for various industrial applications, as well as in scientific research to study chemical reactions and mechanisms.