This chemical is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various bioactive molecules. Its unique structure makes it valuable for creating compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders and cancer. Additionally, it is explored in the development of small molecule inhibitors that can modulate specific biological pathways. Its versatility also extends to agrochemical research, where it contributes to the creation of novel pesticides and herbicides.