This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic areas such as oncology and infectious diseases. Its structure is often incorporated into compounds designed to inhibit specific enzymes or receptors, making it valuable in drug discovery efforts. Additionally, it is explored in the development of agrochemicals, where it may contribute to the creation of novel pesticides or herbicides. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating more complex structures.