This compound is primarily used in organic synthesis as an intermediate for the development of more complex molecules. It is particularly valuable in pharmaceutical research, where it serves as a building block for the creation of biologically active compounds. Its structure allows for further functionalization, making it a versatile reagent in the synthesis of potential drug candidates. Additionally, it is employed in the preparation of heterocyclic compounds, which are crucial in medicinal chemistry for designing molecules with therapeutic properties. Its application extends to agrochemical research, where it aids in the development of new pesticides and herbicides.