Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic drugs. Additionally, it is utilized in the synthesis of herbicides and fungicides, contributing to crop protection and agricultural productivity. Its role in chemical research also extends to the development of novel compounds with potential applications in material science and specialty chemicals.