This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of active ingredients for medications, including anti-inflammatory and anti-allergic drugs. Additionally, it is employed in the creation of pesticides and herbicides, contributing to the protection of crops from pests and weeds. Its role in organic synthesis also extends to the preparation of specialty chemicals used in research and industrial applications, where its unique structure aids in the formation of complex molecules.