This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for constructing compounds with potential therapeutic applications, such as inhibitors or modulators of specific enzymes or receptors. Researchers often employ it in the design of drugs targeting diseases like cancer, inflammation, or neurological disorders. Additionally, it is explored in medicinal chemistry for its role in optimizing drug candidates for improved efficacy and selectivity. Its versatility also extends to agrochemical research, where it may contribute to the development of novel pesticides or herbicides.