This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the production of compounds that exhibit potential therapeutic properties, such as antiviral or anticancer activities. Its unique structure allows it to act as a building block in the creation of more complex molecules designed to target specific biological pathways. Additionally, it is explored in the development of enzyme inhibitors, which can be crucial in treating various diseases by regulating enzymatic activity. Its applications extend to agrochemical research, where it may be used in the design of new pesticides or herbicides, leveraging its chemical properties to enhance efficacy and selectivity.