Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and metabolic disorders. Its structure is valuable in the development of inhibitors for enzymes like kinases, which play a role in signaling pathways associated with diseases such as cancer and diabetes. Additionally, it is utilized in the creation of novel compounds for studying biochemical processes, aiding in the discovery of potential therapeutic agents. Its applications extend to agrochemical research, where it contributes to the development of new pesticides and herbicides.