This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structural features make it a valuable building block for developing pharmaceutical agents, particularly those targeting central nervous system disorders and inflammatory conditions. Researchers often incorporate it into the design of novel compounds due to its potential to enhance binding affinity and selectivity toward specific biological targets. Additionally, it has been explored in the development of agrochemicals, where it serves as a precursor for creating pesticides and herbicides with improved efficacy. Its versatility in chemical reactions also makes it a useful component in organic synthesis for constructing complex molecules with potential therapeutic or industrial applications.