Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the creation of complex molecules with potential therapeutic applications, such as antiviral or anticancer agents. Its structure allows for further functionalization, enabling the development of diverse chemical libraries for drug discovery. Additionally, it finds use in agrochemical research for the design of novel pesticides or herbicides. The compound’s reactivity and stability make it a versatile building block in organic synthesis, contributing to advancements in medicinal and agricultural chemistry.