Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs, particularly antibiotics and anti-inflammatory agents. Its structure allows for the development of molecules that target specific biological pathways, making it valuable in medicinal chemistry. Additionally, it is utilized in research to study enzyme inhibition and receptor interactions, aiding in the discovery of new therapeutic compounds. Its application extends to agrochemicals, where it contributes to the development of pesticides and herbicides by acting as a building block for active ingredients.