This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure lends itself to modifications that can lead to the development of novel drugs targeting specific biological pathways. Additionally, it is employed in organic synthesis for the preparation of complex chemical entities, aiding in the study of chemical reactions and mechanisms. Its applications extend to agrochemical research, where it is used in the design of new pesticides or herbicides with improved efficacy and selectivity.