This chemical is primarily used in the field of organic synthesis as a building block for the development of more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is utilized in the creation of agrochemicals, where it contributes to the formulation of pesticides or herbicides. Its unique structure also makes it valuable in material science, particularly in the development of organic electronic materials or dyes. Researchers often employ it in studies related to heterocyclic chemistry due to its pyrrole and benzoate functional groups, which are essential in designing novel compounds with specific properties.