This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting therapeutic areas such as inflammation, cardiovascular diseases, and central nervous system disorders. Its structural properties make it a valuable building block for creating molecules with potential medicinal properties. Additionally, it is explored in agrochemical research for developing new pesticides or herbicides, owing to its ability to interact with specific biological pathways in pests or weeds. Researchers also investigate its potential in material science, particularly in the design of advanced organic compounds for specialized applications.