This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds that target specific enzymes or receptors, making it a crucial component in the design of potential therapeutic agents. Additionally, it finds application in agrochemical research for the development of novel pesticides or herbicides, leveraging its chemical properties to enhance efficacy and selectivity. Its role in these fields underscores its importance in advancing both medical and agricultural sciences.