Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. Its structure allows for further functionalization, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is employed in the creation of herbicides and pesticides, where its chemical properties enhance the efficacy of these products. The compound's versatility also extends to material science, where it is utilized in the preparation of advanced polymers and coatings.