This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activities. It is often investigated for its role as a precursor or intermediate in the synthesis of more complex molecules that exhibit therapeutic properties. Researchers explore its efficacy in developing drugs targeting specific enzymes or receptors, particularly in the treatment of diseases like cancer, infections, or neurological disorders. Additionally, its structural features make it a candidate for studies in drug design and optimization, focusing on enhancing bioavailability, selectivity, and potency. Its applications also extend to agrochemical research, where it may be used to develop compounds with pesticidal or herbicidal properties.