Used primarily in organic synthesis, it serves as a key intermediate in the production of various heterocyclic compounds. Its structure is valuable in the development of pharmaceuticals, particularly in the design of drugs with antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it is utilized in agricultural chemistry for creating pesticides and herbicides due to its bioactive nature. Research also explores its potential in material science for synthesizing novel polymers and coatings with specialized properties.