Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of drugs targeting infectious diseases, as it can be modified to enhance antimicrobial properties. Additionally, it is employed in the development of compounds for potential cancer therapies due to its ability to interact with specific cellular targets. In agrochemical research, it is explored for designing novel pesticides and herbicides, leveraging its chemical reactivity to disrupt harmful organisms effectively. Furthermore, it is investigated in materials science for developing materials with special optical and electronic properties, potentially leading to high-efficiency electronic devices. Its versatility in organic synthesis also makes it a useful building block for creating complex chemical structures in academic and industrial laboratories.