This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its role as a versatile intermediate. It is often employed in the production of active pharmaceutical ingredients (APIs) where its structure contributes to the formation of complex molecules. Additionally, it finds application in the development of pesticides and herbicides, where its properties aid in creating compounds that target specific pests or weeds. The chemical is also used in organic synthesis for constructing specialized organic compounds, particularly in research and industrial settings. Its stability and reactivity make it a valuable component in various chemical processes.