This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents, especially those targeting specific enzymes or receptors in therapeutic areas like oncology, inflammation, and infectious diseases. Researchers often modify its core structure to enhance drug-like properties, such as bioavailability and selectivity, making it a versatile building block in drug discovery. Additionally, it may be employed in the creation of agrochemicals, where its derivatives can serve as active ingredients in pest control or crop protection formulations. Its unique chemical framework also finds use in material science, particularly in the design of organic electronic materials or advanced polymers with specialized properties.