Primarily used in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and fungicides, where its structural properties enhance the efficacy of the final product. Additionally, it finds application in organic synthesis, aiding in the creation of complex molecules for research and industrial purposes. Its role in the preparation of specialty chemicals also supports advancements in material science, contributing to the development of new polymers and coatings.