This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its structural framework is often incorporated into the design of potential drug candidates, especially in the development of inhibitors for therapeutic applications. Researchers leverage its unique chemical properties to explore its efficacy in treating diseases, with a focus on optimizing its pharmacological profile. Additionally, it may be used in agrochemical research to develop novel compounds for crop protection. Its versatility and reactivity make it a valuable building block in organic synthesis for creating complex molecules.