This compound serves as a key intermediate in organic synthesis, particularly for developing biologically active molecules in pharmaceutical and agricultural research. In pharmaceuticals, it is incorporated into structures targeting antimicrobial, antifungal, or anticancer activities, with derivatives explored for enzyme inhibition and drug discovery. In agriculture, it contributes to the creation of novel fungicides, bactericides, and herbicides, aiding in pest and weed control to enhance crop yields. Its applications remain primarily in research and development stages.