This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceuticals. It plays a significant role in the development of drugs targeting inflammatory diseases, as it can be incorporated into molecules designed to inhibit specific enzymes or pathways involved in inflammation. Additionally, its structure makes it a valuable building block for creating compounds with potential antibacterial or antiviral properties. Researchers also explore its use in designing novel agrochemicals, particularly for developing herbicides or plant growth regulators, due to its reactivity and potential to interact with biological systems.