Used primarily in the synthesis of pharmaceuticals, this compound acts as an intermediate in the production of various active pharmaceutical ingredients. It is also employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. In organic chemistry research, it serves as a building block for the preparation of more complex molecules, particularly those with potential biological activity. Additionally, it finds application in the field of material science, where it is utilized in the synthesis of specialty chemicals and polymers. Its role in these industries underscores its importance in advancing both medicinal and industrial chemistry.