Used in pharmaceutical research as a building block for synthesizing complex molecules. It is particularly valuable in the development of new drugs, especially in the creation of active pharmaceutical ingredients (APIs). The compound's structure allows for modifications that can enhance drug efficacy and selectivity. It is also employed in agrochemical research to design novel pesticides and herbicides. Additionally, it serves as an intermediate in organic synthesis, enabling the production of specialized chemicals for various industrial applications. Its unique properties make it a versatile tool in medicinal chemistry and material science.