This compound is primarily utilized in the synthesis of organic intermediates, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to act as a key building block in the creation of complex molecules, often serving as a precursor in the production of bioactive compounds. In pharmaceutical research, it is employed in the design and synthesis of potential drug candidates, especially those targeting enzyme inhibition or receptor modulation. Additionally, it finds application in the agricultural sector, where it is used to develop herbicides or plant growth regulators. Its versatility in chemical reactions makes it valuable in organic synthesis and industrial research.