This compound is primarily used in the synthesis of various organic molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activities, such as antimicrobial, antifungal, and anti-inflammatory agents. Additionally, it is utilized in research settings for the development of new drugs targeting specific diseases. Its structure allows for further functionalization, making it valuable in medicinal chemistry for designing and optimizing drug candidates.