This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting specific enzymes or receptors. Its structure makes it valuable for designing and producing novel drug candidates, especially in the development of anti-inflammatory, antimicrobial, or antiviral agents. Additionally, it finds application in agrochemical research, where it is used to create new pesticides or herbicides with improved efficacy and selectivity. Its versatility also extends to material science, where it can be incorporated into the synthesis of advanced polymers or coatings with specialized properties.