This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often in the development of anticancer and anti-inflammatory agents. Its unique structure allows for modifications that enhance binding affinity and selectivity toward certain enzymes or receptors. Additionally, it is employed in organic chemistry as a building block for constructing more complex heterocyclic compounds, which are valuable in medicinal chemistry and material science. Its applications also extend to agrochemical research, where it contributes to the development of new pesticides or herbicides with improved efficacy and safety profiles.