This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure makes it a valuable intermediate in the production of various heterocyclic compounds, which are often employed in medicinal chemistry. It is also used in research settings to create novel chemical entities for drug discovery, especially in the development of treatments targeting neurological and cardiovascular diseases. Additionally, it serves as a building block in the preparation of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection and yield. Its versatility in organic synthesis further extends to the production of dyes and specialty chemicals used in industrial applications.