Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of certain fungicides and plant growth regulators. It serves as a key building block in creating active ingredients that exhibit strong biological activity against pathogens in crops. Its structure allows for effective radical scavenging and metal chelation, making it valuable in stabilizing formulations and enhancing efficacy in crop protection products. Also explored in research for potential use in specialty polymers due to its thermal stability and reactivity.