Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of drugs targeting inflammatory and autoimmune diseases, as it can influence biological pathways effectively. Additionally, it is utilized in organic research for creating complex molecules due to its reactive functional groups, which allow for further chemical modifications. Its application in agrochemicals is also notable, where it contributes to the formulation of compounds that enhance crop protection and yield.