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 those targeting therapeutic areas such as oncology and infectious diseases. Its structure allows for further chemical modifications, making it valuable for creating diverse libraries of compounds in drug discovery. Additionally, it is employed in the preparation of heterocyclic compounds, which are often explored for their potential as enzyme inhibitors or receptor modulators. Its applications extend to agrochemical research, where it contributes to the development of novel pesticides and herbicides.