This compound 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) that target a range of medical conditions. Additionally, it is employed in the development of herbicides and pesticides, contributing to the protection of crops from pests and weeds. Its chemical structure allows for further functionalization, making it a versatile building block in organic synthesis. The compound is also explored in research for the development of new materials and chemical processes, highlighting its importance in both industrial and academic settings.