This compound is widely used in organic synthesis as an intermediate for the preparation of various pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of active ingredients for herbicides and fungicides, contributing to crop protection and agricultural productivity. Additionally, it is utilized in the development of certain therapeutic agents, particularly in the creation of molecules with potential anti-inflammatory or antimicrobial properties. Its role in facilitating selective chemical reactions makes it valuable in research and industrial applications for producing complex organic compounds.