Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure is valuable for creating heterocyclic compounds, which are essential in drug design and development. Additionally, it is utilized in research settings for studying enzyme inhibition and as a building block in the synthesis of complex molecules with potential therapeutic applications. Its utility extends to the field of agrochemicals, where it contributes to the development of new pesticides and herbicides.