This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. It plays a crucial role in the production of herbicides, where it helps in the development of compounds that effectively control weed growth in agricultural fields. Additionally, it is utilized in the manufacturing of certain medicinal drugs, particularly those targeting specific enzyme pathways or receptors in the body. Its chemical structure allows for further modifications, making it a versatile building block in organic synthesis for research and industrial applications.