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.