This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of antimalarial and antibacterial agents. Its structure serves as a key intermediate in the production of drugs that target specific enzymes or pathways in pathogens. Additionally, it finds application in agricultural chemistry, where it is used to create pesticides or herbicides that inhibit the growth of harmful organisms. Its versatility in forming derivatives makes it valuable in research and development for designing new bioactive molecules.