This compound is primarily utilized in the development of pharmaceuticals, particularly in the synthesis of novel drugs targeting various diseases. Its structure is advantageous in creating molecules with potential antimicrobial and anti-inflammatory properties, making it a candidate for treating infections and inflammatory conditions. Additionally, it is explored in agricultural chemistry for developing pesticides or herbicides due to its ability to interfere with biological processes in pests or weeds. Researchers also investigate its use in material science, where it may contribute to the creation of specialized polymers or coatings with unique properties. Its versatility makes it a valuable compound in both industrial and academic research settings.