This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting various diseases, including neurological disorders and infectious diseases. Its structure is valuable for designing compounds with potential therapeutic effects, often explored in medicinal chemistry for its ability to modulate biological pathways. Additionally, it may be used in the development of agrochemicals, contributing to the creation of pesticides or herbicides with improved efficacy. Its versatility in chemical reactions makes it a useful building block in organic synthesis for specialized applications.