This compound is primarily utilized in the field of pharmaceutical research and development. It serves as an intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzyme pathways or receptors. Its structure makes it valuable in designing compounds for potential therapeutic applications, such as anti-inflammatory or anticancer agents. Researchers often explore its derivatives to enhance efficacy and selectivity in drug discovery processes. Additionally, it may be used in agrochemical research to develop new pesticides or herbicides, leveraging its chemical properties to target specific pests or weeds.