Primarily used as an intermediate in the synthesis of various pharmaceutical compounds, it plays a crucial role in the development of drugs targeting specific medical conditions. Its structure is leveraged in organic synthesis to create more complex molecules with potential therapeutic effects. Additionally, it finds application in agricultural chemistry, where it is used in the formulation of pesticides and herbicides, aiding in the protection of crops from pests and diseases. In research settings, it serves as a valuable reagent for studying chemical reactions and developing new synthetic pathways. Its versatility makes it a significant compound in both industrial and academic laboratories.