This chemical is primarily used in organic synthesis as a reagent for the preparation of various heterocyclic compounds. It serves as a key intermediate in the synthesis of biologically active molecules, particularly in the development of pharmaceuticals. Its structure allows it to participate in cyclization reactions, making it valuable for constructing complex ring systems found in many drugs. Additionally, it is utilized in materials science for the development of advanced polymers and coatings, where its unique properties contribute to enhanced stability and performance. Its application in research also extends to the study of reaction mechanisms and the development of novel synthetic pathways.