This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of biologically active molecules, often targeting specific enzymes or receptors in therapeutic applications. It is also explored in the field of medicinal chemistry for designing inhibitors or modulators of protein-protein interactions, which are crucial in treating diseases like cancer and neurological disorders. Additionally, it may serve as a building block in the development of agrochemicals, contributing to the creation of new pesticides or herbicides with enhanced efficacy.