This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors. Additionally, it serves as a precursor in the creation of heterocyclic compounds, which are valuable in medicinal chemistry due to their diverse pharmacological properties. Its application extends to agrochemical research, where it is used to develop new pesticides or herbicides with improved efficacy and selectivity. The compound’s structure allows for further functionalization, making it versatile in various chemical reactions and industrial processes.