This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals. It plays a crucial role in the development of drugs targeting cardiovascular diseases, as it helps in the synthesis of compounds that exhibit vasodilatory effects. Additionally, it is employed in the creation of antimicrobial agents, contributing to the formulation of treatments for bacterial and fungal infections. Its application extends to the field of agrochemicals, where it is used in the synthesis of pesticides and herbicides, aiding in the protection of crops from pests and diseases. The compound's versatility in chemical reactions makes it valuable in research and development for new therapeutic and agricultural solutions.