This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly in the creation of potential drug candidates. Its structure is often employed in the design of molecules that target specific enzymes or receptors, making it valuable in the study of new therapeutic agents. Additionally, it is used in the synthesis of agrochemicals, contributing to the development of pesticides or herbicides. Researchers also explore its potential in material science for designing specialized polymers or coatings.