Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anthelmintic and antiparasitic agents. Its structure supports activity against a range of parasitic worms by disrupting cellular processes in the organisms. It has also been explored for use in agrochemicals due to its stability and reactivity, making it suitable for formulation into certain crop protection products. Additionally, derivatives of this compound are investigated for potential antiviral and anticancer properties, especially in compounds targeting specific enzyme pathways in diseased cells.