This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds targeting specific enzymes or receptors, making it a crucial component in drug discovery efforts. Additionally, it is employed in the development of agrochemicals, where it contributes to the design of new pesticides or herbicides with improved efficacy. Its unique chemical properties also make it a candidate for use in material science, particularly in the synthesis of advanced organic materials with potential applications in electronics or optoelectronics.