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 compounds targeting specific enzymes or receptors, making it useful in drug discovery for treating diseases such as cancer or infections. Additionally, it is employed in the development of agrochemicals, contributing to the design of new pesticides or herbicides. Its reactivity and functional groups allow for further modifications, enabling the production of diverse derivatives with potential applications in medicinal and industrial chemistry.