This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure is often modified to enhance drug efficacy, selectivity, and pharmacokinetic properties. Researchers explore its potential in designing novel therapeutic agents, especially for treating diseases where modulation of enzymatic activity or receptor signaling is crucial. Additionally, it may be investigated for its role in developing agrochemicals, contributing to the creation of new pesticides or herbicides with improved activity and safety profiles.