This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the creation of compounds targeting specific enzymes or receptors, owing to its structural features that allow for effective binding and modulation. Additionally, it finds application in the field of medicinal chemistry for the design and optimization of drug candidates, especially those aimed at treating neurological disorders or inflammatory conditions. Its versatility also extends to agrochemical research, where it can be employed in the development of novel pesticides or herbicides.