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 in the creation of potential drug candidates. Its structure is often incorporated into compounds that target specific enzymes or receptors, making it valuable in the design of new therapeutic agents. Additionally, it is explored in the development of agrochemicals, where it may contribute to the formulation of pesticides or herbicides with improved efficacy. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating complex molecular architectures.