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 therapeutic areas such as cardiovascular diseases and neurological disorders. Its structure is often incorporated into the design of enzyme inhibitors, making it valuable for drug discovery efforts. Additionally, it is explored in agrochemical research for the development of novel pesticides and herbicides, owing to its potential to interact with specific biological pathways in pests and weeds. Its versatility in chemical reactions also makes it a useful building block in organic synthesis for creating more complex compounds.