This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its versatile structure. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting specific biological pathways. Its unique combination of functional groups makes it valuable in creating compounds with potential antibacterial, antifungal, or anticancer properties. Additionally, it is utilized in the research and development of herbicides and pesticides, where its structure contributes to the efficacy and selectivity of these products. Its role in organic synthesis also extends to the preparation of complex molecules for material science applications.