Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and inflammatory conditions. Its structure is valuable in developing inhibitors for enzymes like phosphodiesterases, which play a role in cellular signaling. Additionally, it is employed in the creation of bioactive molecules for studying metabolic pathways and designing potential therapeutic agents. Its versatility also extends to agrochemical research, where it aids in developing compounds for crop protection.