Used primarily in pharmaceutical research, it serves as a key intermediate in the synthesis of various bioactive compounds. Its structure is valuable in developing molecules with potential therapeutic effects, particularly in the field of oncology and neurology. It is also employed in organic synthesis to create complex heterocyclic compounds, which are essential in drug discovery and development. Additionally, it finds use in the preparation of agrochemicals, contributing to the creation of pesticides and herbicides. Its versatility makes it a crucial component in advancing both medicinal and agricultural chemistry.