This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for developing compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders and inflammation. Researchers often explore its derivatives for their ability to modulate specific enzyme activities or receptor interactions, which can lead to the development of novel treatments for conditions such as anxiety, depression, or chronic pain. Additionally, its chemical framework is of interest in the creation of agrochemicals, where it may contribute to the formulation of new pesticides or herbicides with improved efficacy and safety profiles.