This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various biologically active compounds, particularly those targeting enzyme inhibition. Its structural properties make it valuable in the development of herbicides and fungicides, offering effective control over a range of plant diseases. Additionally, it is employed in research settings for the creation of novel drug candidates, especially in the field of antiviral and anticancer therapies. Its versatility in chemical reactions allows for the modification of its core structure, enabling the exploration of diverse therapeutic applications.