Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. It is particularly valuable in the development of active ingredients for drugs targeting various diseases, including cancer and inflammatory conditions. In agriculture, it contributes to the creation of pesticides and herbicides, enhancing crop protection. Its structural properties make it suitable for further chemical modifications, enabling the production of diverse derivatives with specific biological activities. Additionally, it is employed in research and development for exploring new therapeutic agents and optimizing existing ones.