Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the development of antiviral and anticancer agents, where it acts as a building block for more complex compounds. Additionally, it finds application in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with specific therapeutic effects. Its versatility also extends to agrochemical research, where it contributes to the creation of novel pesticides and herbicides.