Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure allows for further functionalization, making it valuable in medicinal chemistry for creating diverse drug candidates. Also employed in agrochemical research for designing herbicides and fungicides due to its reactivity and potential to inhibit specific enzymes. In material science, it serves as a building block for synthesizing organic compounds with potential applications in electronic materials or coatings. Its versatility in chemical reactions makes it a useful tool in organic synthesis for constructing complex molecules.