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 specific enzymes or receptors. Its structure makes it suitable for designing compounds with potential therapeutic applications, such as inhibitors for certain diseases or conditions. Additionally, it is explored in the development of agrochemicals, where it may contribute to the creation of new pesticides or herbicides. Its versatility in chemical reactions also makes it valuable in organic synthesis for constructing more complex molecules.