Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of antiviral and anticancer agents, where its structural framework is incorporated into complex molecules to enhance therapeutic efficacy. Additionally, it finds application in agrochemical research for developing novel pesticides and herbicides, leveraging its chemical properties to target specific biological pathways in pests and weeds. Its role in organic synthesis also extends to the creation of specialty chemicals and fine chemicals used in diverse industrial processes.