This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and inflammatory conditions. Its structure is often incorporated into the design of potential drug candidates due to its ability to interact with specific biological receptors. Additionally, it is explored in the development of small-molecule inhibitors for enzymes involved in disease pathways. Its applications also extend to agrochemical research, where it is studied for its potential use in creating novel pesticides or herbicides.