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. Its structure is particularly valuable in the creation of molecules that exhibit potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is employed in the design of novel drugs targeting specific enzymes or receptors, contributing to advancements in medicinal chemistry. Its application extends to agrochemical research, where it may be used in the development of new pesticides or herbicides.