Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds with potential therapeutic applications, such as inhibitors for specific enzymes or receptors. Additionally, it is utilized in agrochemical research for developing new pesticides or herbicides due to its reactive sites that allow for further chemical modifications. Its role in organic synthesis also extends to the production of complex heterocyclic compounds, which are essential in medicinal chemistry and material science.