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 enzyme pathways or receptors. Its structural features make it valuable for designing compounds with potential therapeutic applications, such as anti-inflammatory, anti-cancer, or central nervous system-targeting drugs. Additionally, it is employed in agrochemical research for the development of novel pesticides or herbicides, leveraging its chemical properties to enhance efficacy and selectivity. Its role in these industries underscores its importance in advancing both medical and agricultural innovations.