This compound is primarily utilized in the synthesis of various pharmaceutical intermediates and active ingredients. It serves as a key building block in the development of therapeutic agents, particularly in the field of anti-inflammatory and anti-cancer drugs. Its structure is often modified to enhance biological activity and improve drug efficacy. Additionally, it is employed in organic chemistry research for the development of novel heterocyclic compounds, which are crucial in drug discovery and material science. Its applications also extend to the production of agrochemicals, where it contributes to the creation of pesticides and herbicides with improved performance and reduced environmental impact.