This chemical is primarily used in organic synthesis as a versatile intermediate for the development of various heterocyclic compounds. Its structure makes it valuable in the preparation of pharmaceuticals, particularly in the synthesis of bioactive molecules with potential therapeutic applications. Additionally, it serves as a key building block in agrochemical research for creating novel pesticides and herbicides. Its reactivity with nucleophiles and electrophiles allows for the construction of complex molecular frameworks, making it a useful tool in medicinal chemistry and material science.