Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a role in the development of potential drugs targeting diseases such as cancer and viral infections. Its structure is valuable in medicinal chemistry for creating molecules that can interact with specific enzymes or receptors. Additionally, it is utilized in the preparation of agrochemicals, contributing to the development of pesticides or herbicides. Its versatility makes it a valuable building block in organic synthesis for creating complex chemical structures.