Used primarily in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. Its structure allows it to be a versatile building block in organic synthesis, particularly in the creation of complex molecules with potential therapeutic effects. Additionally, it is employed in the development of agrochemicals, where it contributes to the formulation of pesticides and herbicides. The compound's ability to undergo various chemical reactions makes it valuable in research and industrial applications aimed at discovering new chemical entities with beneficial properties.