This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients for medications targeting specific diseases, including anti-inflammatory and anti-cancer agents. Its structure allows for versatile chemical modifications, making it valuable in creating compounds with tailored biological activities. Additionally, it is employed in research laboratories for studying reaction mechanisms and developing new synthetic pathways. In the agrochemical industry, it contributes to the formulation of pesticides and herbicides, enhancing their efficacy and specificity. Its applications also extend to material science, where it is used in the synthesis of advanced polymers and coatings with unique properties.