This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. It plays a crucial role in the production of active ingredients for medications targeting specific diseases, including anti-inflammatory and antiviral drugs. In the agricultural sector, it is utilized in the development of herbicides and pesticides, helping to enhance crop protection and yield. Additionally, it serves as a building block in organic synthesis, enabling the creation of complex molecules for research and industrial applications. Its versatile nature makes it valuable in the fine chemical industry for producing specialized compounds.