Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. Its structure is valuable in creating molecules with potential therapeutic effects, particularly in the development of anti-inflammatory and antimicrobial agents. Additionally, it finds application in agrochemical research, where it contributes to the design of new pesticides and herbicides. Its versatility in organic synthesis also makes it useful in academic and industrial laboratories for exploring novel chemical reactions and pathways.