This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is often incorporated into the development of pharmaceutical agents targeting specific enzymes or receptors, particularly those involved in inflammatory and autoimmune diseases. Its structural features make it a valuable scaffold for designing inhibitors of protein kinases, which play a critical role in cell signaling pathways. Additionally, it has been explored in the creation of novel antifungal and antibacterial agents due to its potential to disrupt microbial growth. Researchers also investigate its use in agrochemicals for developing crop protection products that combat plant pathogens. Its versatility in organic synthesis makes it a valuable tool in drug discovery and development pipelines.