Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in creating molecules with potential therapeutic effects, such as inhibitors for specific enzymes or receptors. Additionally, it finds application in agrochemical research for developing new pesticides or herbicides, leveraging its reactivity to form compounds that target specific biological pathways in pests or weeds. Its versatility in organic synthesis also makes it useful in material science for designing advanced polymers or functional materials.