This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various pharmacologically active molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. Its structure allows it to act as a precursor in the creation of complex molecules, often used in the design of drugs targeting neurological disorders, cardiovascular diseases, and other medical conditions. Additionally, it finds application in the field of agrochemicals, where it contributes to the synthesis of pesticides and herbicides, enhancing their efficacy and stability. Its reactivity and functional groups make it valuable in research and industrial settings for the development of novel chemical entities.