Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of molecules with potential therapeutic effects, such as anti-inflammatory, antiviral, or anticancer agents. Its structure allows for further functionalization, enabling chemists to explore diverse chemical pathways and optimize drug candidates. Additionally, it finds application in agrochemical research for developing novel pesticides or herbicides. Its versatility and reactivity make it a crucial building block in organic synthesis for both industrial and academic purposes.