This compound is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of compounds that target specific enzymes or receptors, making it a crucial component in the design of potential drugs for treating diseases such as cancer, inflammation, and infectious diseases. Additionally, its unique chemical properties allow for further functionalization, enabling researchers to explore a wide range of therapeutic applications. The compound is also of interest in agrochemical research, where it may be used to develop novel pesticides or herbicides with improved efficacy and selectivity.