Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting infectious diseases and cancer. Its structure allows for further functionalization, making it valuable in creating complex molecules with therapeutic properties. Additionally, it finds application in agrochemical research, where it contributes to the development of pesticides and herbicides. Its role in organic synthesis is also notable, as it aids in the preparation of heterocyclic compounds, which are essential in materials science and chemical manufacturing.