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 neurological and inflammatory disorders. Its structure is often incorporated into drug candidates that modulate specific enzymes or receptors, making it valuable for creating potential therapeutic agents. Additionally, it is used in organic synthesis to build complex molecules due to its reactive functional groups, which allow for further chemical modifications. Its application is also seen in the development of agrochemicals, where it contributes to the creation of compounds with pesticidal or herbicidal properties.