This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its unique structure allows it to act as a building block for creating compounds with potential therapeutic effects. Additionally, it is explored in the development of agrochemicals, where it contributes to the design of new pesticides or herbicides with improved efficacy and safety profiles. Researchers also investigate its potential in material science, particularly in the creation of specialized polymers or coatings with specific chemical properties.