This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to act as an intermediate in the production of active ingredients that target specific biological pathways. In pharmaceutical research, it is often employed to create molecules with potential therapeutic effects, such as anti-inflammatory or anti-cancer properties. Additionally, it finds use in the formulation of herbicides and pesticides, where it contributes to the effectiveness of these products by enhancing their interaction with target organisms. Its versatility in chemical reactions makes it a valuable component in the development of complex chemical entities for diverse industrial applications.