This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds with potential therapeutic effects, such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is employed in agrochemical research for developing novel pesticides or herbicides, leveraging its reactivity to form derivatives that can target specific pests or weeds. The compound’s versatility also makes it useful in organic synthesis, where it acts as a building block for constructing more complex chemical structures. Its applications extend to material science, where it may be used in the synthesis of specialized polymers or coatings with unique properties.