Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of various active ingredients. Its structure allows for further chemical modifications, making it valuable in creating compounds with specific biological activities. In agrochemical research, it aids in the production of herbicides and pesticides, contributing to crop protection and yield improvement. Additionally, it is utilized in organic synthesis for constructing complex molecules, particularly in medicinal chemistry, where it helps in designing drugs targeting specific diseases. Its stability and reactivity make it a versatile building block in industrial and laboratory settings.