This chemical is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), particularly in the development of compounds with potential therapeutic effects. Its structure allows for further functionalization, making it valuable in creating molecules with specific biological activities. Additionally, it is employed in the preparation of herbicides and pesticides, contributing to the control of pests and weeds in agricultural settings. Its role in organic synthesis extends to the creation of fine chemicals and specialty materials, where its unique properties enhance the efficiency and selectivity of chemical reactions.