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 molecules that target specific biological pathways, such as those involved in central nervous system disorders or inflammatory diseases. Researchers often employ it to explore potential therapeutic agents due to its ability to interact with various enzymes and receptors. Additionally, it may be used in the development of agrochemicals, where its unique properties contribute to the design of new pesticides or herbicides. Its role in these fields underscores its importance in advancing both medicinal and agricultural sciences.