This compound is primarily utilized in the synthesis of various pharmaceutical intermediates due to its unique structural properties. It serves as a key building block in the development of drugs targeting specific biological pathways, particularly in the design of inhibitors for enzymes or receptors involved in disease processes. Its application extends to the production of agrochemicals, where it contributes to the creation of novel pesticides or herbicides with enhanced efficacy and selectivity. Additionally, it finds use in organic synthesis as a precursor for heterocyclic compounds, which are valuable in material science and chemical research.