This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting enzyme inhibition. Its structure makes it valuable in designing drugs for treating inflammatory diseases, cancer, and metabolic disorders. Additionally, it is explored in agrochemical research for developing novel pesticides and herbicides due to its potential to interact with specific biological pathways in pests. The compound’s versatility also extends to material science, where it is investigated for use in organic electronics and as a building block for advanced polymers.