Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique structure allows it to be incorporated into drug candidates targeting specific enzymes or receptors, particularly in the development of treatments for neurological disorders and cancer. Additionally, it is utilized in the creation of agrochemicals, where it contributes to the design of novel pesticides and herbicides. Its reactivity and versatility make it valuable in organic synthesis for constructing complex heterocyclic frameworks.