Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building heterocyclic compounds. Commonly employed in research settings to design new bioactive molecules and in the preparation of analogs for drug discovery programs. Also utilized in agrochemical research for the development of novel pesticides due to its reactivity and stability in various reaction conditions.