This compound is primarily used in the synthesis of various pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of certain drugs, particularly those targeting bacterial infections and inflammatory conditions. Additionally, it is employed in the development of herbicides and pesticides, contributing to improved crop protection and yield. Its role in chemical research is also significant, as it aids in the study of reaction mechanisms and the development of new synthetic pathways. The compound's stability and reactivity make it a valuable component in industrial and laboratory settings.