Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds that target specific enzymes or receptors, making it useful in drug discovery for treating diseases such as cancer, inflammation, and neurological disorders. Additionally, it is employed in the development of agrochemicals, where it contributes to the design of new pesticides or herbicides with improved efficacy and selectivity. Its versatility in organic synthesis also makes it a valuable tool in academic and industrial laboratories for exploring novel chemical reactions and pathways.