Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing drugs targeting central nervous system disorders, inflammation, and infectious diseases. Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides. The compound’s versatility also extends to material science, where it aids in the development of advanced polymers and coatings. Its unique properties make it a significant component in medicinal chemistry and industrial applications.