Used primarily as an intermediate in the synthesis of more complex chemical compounds, this chemical plays a crucial role in the development of various agrochemicals, including herbicides and pesticides. Its structural properties make it valuable for creating active ingredients that target specific weed and pest species, enhancing crop protection and yield. Additionally, it is utilized in pharmaceutical research for the development of new drugs, particularly in the modification of molecules to improve their efficacy and stability. Its application in these fields underscores its importance in both agricultural and medicinal chemistry.