This compound is primarily utilized in the synthesis of various pharmaceutical intermediates. It serves as a key building block in the development of active pharmaceutical ingredients (APIs), particularly in the creation of compounds with potential therapeutic effects. Its structure is often exploited in medicinal chemistry for designing molecules that target specific biological pathways. Additionally, it finds application in research settings for studying chemical reactions and developing new synthetic methodologies. Its derivatives may also be explored for their potential use in agrochemicals or other specialized chemical industries.