Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as an intermediate in the production of various active ingredients. It plays a key role in the development of herbicides, helping to control unwanted vegetation in agricultural settings. Additionally, it is utilized in the creation of certain medicinal compounds, contributing to the formulation of drugs that target specific biological pathways. Its chemical structure allows for further modifications, making it a versatile building block in organic synthesis for research and industrial applications.