This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique structure makes it valuable for developing molecules with potential biological activity, particularly in the design of drugs targeting specific enzymes or receptors. Researchers often explore its derivatives for applications in treating diseases such as cancer, inflammation, or infections, due to its ability to interact with biological pathways effectively. Additionally, it may be employed in the development of agrochemicals, where its properties contribute to creating compounds that enhance crop protection or growth. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating complex molecules.