Primarily used in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structure is particularly valuable in the creation of molecules with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is utilized in organic synthesis to develop novel heterocyclic compounds, which are essential in drug discovery and material science. Its applications also extend to agrochemical research, where it contributes to the development of new pesticides and herbicides.