This compound is primarily utilized in the synthesis of agrochemicals, particularly in the development of herbicides and fungicides. Its structure allows it to act as a key intermediate in creating active ingredients that target unwanted plant growth and fungal infections in crops. Additionally, it is employed in the pharmaceutical industry for the production of certain active pharmaceutical ingredients (APIs) due to its ability to introduce specific functional groups into complex molecules. Its applications also extend to research and development, where it serves as a building block in organic synthesis for creating novel compounds with potential biological activity.