This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the development of antifungal and antiviral medications, where it contributes to the efficacy of the final drug product. Additionally, it finds application in the creation of compounds that target specific enzymes or receptors, making it a crucial component in the design of drugs for treating a range of diseases. In research settings, it is employed to study biochemical pathways and to develop new chemical entities with potential medicinal properties. Its versatility and reactivity make it a valuable tool in medicinal chemistry and drug discovery efforts. Furthermore, there are ongoing studies exploring its potential application in the agricultural industry for developing safer pesticides.