This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often incorporated into the development of potential drug candidates for treating diseases such as cancer, inflammation, and infectious diseases. Researchers also explore its derivatives for their potential as kinase inhibitors, which play a crucial role in regulating cell signaling pathways. Additionally, its application extends to agrochemical research, where it is studied for its potential use in developing novel pesticides or herbicides. Its versatility in forming diverse chemical structures makes it a valuable component in the design of new therapeutic and agricultural agents.