This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting specific biological pathways. Its unique structure makes it a valuable building block for creating molecules with potential therapeutic effects, such as anti-inflammatory or anti-cancer agents. Additionally, it is employed in research settings to study chemical reactions and mechanisms, aiding in the discovery of new compounds with medicinal properties. Its application extends to the field of agrochemicals, where it may be used in the development of pesticides or herbicides due to its reactivity and functional groups.