Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the development of active pharmaceutical ingredients (APIs). It is particularly valuable in the production of drugs targeting specific enzymes or receptors, often in the treatment of diseases like cancer or infections. Its structure allows for further functionalization, making it versatile in medicinal chemistry. Additionally, it is employed in agrochemical research for creating pesticides or herbicides due to its ability to interact with biological systems effectively. The compound’s stability and reactivity make it a preferred choice in organic synthesis for constructing complex molecules.