Used as a key intermediate in the synthesis of various agrochemicals, particularly herbicides and pesticides, due to its ability to impart specific biological activity. It is also employed in the development of pharmaceuticals, where it serves as a building block for compounds with potential therapeutic effects. Additionally, this chemical finds applications in material science, contributing to the creation of specialized polymers and coatings with enhanced properties like durability and chemical resistance. Its unique structure makes it valuable in research for designing novel molecules with targeted functionalities.