This chemical is primarily used as an intermediate in the synthesis of more complex organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for creating active pharmaceutical ingredients (APIs) that may have therapeutic applications, such as antiviral or anticancer agents. Additionally, it is utilized in the development of dyes and pigments due to its structural properties, which can influence color and stability. In research, it is often employed in the study of heterocyclic chemistry to explore new reactions and pathways for synthesizing novel compounds. Its role in these fields highlights its importance in advancing both industrial and scientific applications.