This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in therapeutic applications. Its structural framework is often incorporated into drug candidates designed for treating inflammatory diseases, cancer, or neurological disorders. Additionally, it is explored in the creation of agrochemicals, where it contributes to the development of novel pesticides or herbicides with enhanced efficacy and selectivity. Researchers also investigate its potential in material science, particularly in the design of organic semiconductors or advanced polymers.