Used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with potential therapeutic properties, such as inhibitors for specific enzymes or receptors. The chemical's structure allows it to participate in reactions like nucleophilic substitution and condensation, making it versatile in creating complex molecules. Additionally, it may be employed in research settings to study chemical reactivity and mechanisms in drug discovery processes. Its application is primarily focused on advancing medicinal chemistry and developing novel bioactive compounds.