Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with potential antitumor and antimicrobial properties. Its structure supports the formation of complex heterocyclic systems, making it valuable in medicinal chemistry for designing enzyme inhibitors. Also employed in agrochemical research for creating novel pesticides due to its ability to interact with specific biological targets in pests. The compound's functional groups allow for easy modification, enabling optimization of solubility, stability, and binding affinity in drug design.