Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure is particularly valuable in the development of antimicrobial and antiviral agents, contributing to the creation of drugs targeting resistant pathogens. Additionally, it is employed in the synthesis of dyes and pigments, offering unique color properties for industrial applications. Researchers also utilize it in the study of enzyme inhibitors, aiding in the discovery of new therapeutic targets. Its versatility makes it a crucial component in both medicinal chemistry and material science.