This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often incorporated into the development of potential drug candidates for treating inflammatory diseases and metabolic disorders. Additionally, it is explored in the design of novel compounds for cancer therapy due to its ability to interact with specific cellular pathways. Researchers also investigate its role in creating agrochemicals, such as herbicides and fungicides, owing to its potential to disrupt biological processes in pests. Its versatility makes it a valuable building block in organic synthesis for diverse applications.