Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the development of various drugs. Its structure is particularly valuable in creating molecules with potential therapeutic effects, such as anti-inflammatory and anticancer agents. Additionally, it is employed in organic chemistry research to construct complex heterocyclic compounds, which are essential in drug discovery and development processes. Its versatility also extends to the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides, enhancing their efficacy and stability.