This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of various biologically active molecules. It serves as a key intermediate in the creation of compounds targeting specific enzymes or receptors, often in the context of drug discovery. Its structure is valuable in the design of molecules for potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Additionally, it may be employed in the development of agrochemicals, contributing to the creation of pesticides or herbicides with improved efficacy. Its role in organic synthesis also extends to the production of fine chemicals and specialty materials used in advanced industrial applications.