This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its unique structure makes it valuable for designing compounds with potential therapeutic effects, especially in the areas of central nervous system disorders and inflammation. Researchers often incorporate it into drug candidates to enhance their pharmacokinetic properties or to target specific enzymes or receptors. Additionally, it is explored in the development of novel anti-inflammatory, analgesic, and neuroprotective agents due to its ability to modulate biological pathways effectively. Its versatility also extends to agrochemical research, where it is studied for potential use in creating new pesticides or herbicides.