This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure is often leveraged in the design of compounds that interact with specific enzymes or receptors in the body, making it valuable for drug discovery efforts. Additionally, it has potential applications in agrochemical research, where it may be used to develop novel pesticides or herbicides due to its unique chemical properties. Its versatility and reactivity make it a useful building block in the synthesis of complex organic molecules.