This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active compounds, particularly in the design of drug candidates targeting specific enzymes or receptors. Its structure is often leveraged in medicinal chemistry to create molecules with potential therapeutic applications, such as anti-inflammatory, anticancer, or antimicrobial agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are valuable in agrochemical research for developing new pesticides or herbicides. Its versatility makes it a valuable building block in the exploration of novel chemical entities.