Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of heterocyclic compounds, which are essential in designing drugs with therapeutic properties. Its structure allows for modifications that can lead to the development of new molecules targeting specific diseases, including neurological disorders and infections. Additionally, it is employed in agrochemical research to develop novel pesticides and herbicides, leveraging its reactivity to create effective crop protection agents. The compound’s versatility also extends to material science, where it is used in the synthesis of advanced organic materials with potential applications in electronics and coatings.