This chemical is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel drug compounds. Its unique structure makes it a valuable intermediate in the creation of molecules that target various biological pathways. It is often employed in the design of inhibitors for enzymes or receptors involved in diseases such as cancer, inflammation, and neurological disorders. Additionally, its reactivity allows for further functionalization, enabling the development of compounds with enhanced efficacy and selectivity. Researchers also explore its potential in the development of agrochemicals, where it may contribute to the creation of new pesticides or herbicides. Its versatility and structural features make it a key component in the discovery of innovative therapeutic and agricultural solutions.