This chemical is primarily used in organic synthesis as a versatile intermediate for the production of various pharmaceuticals, agrochemicals, and specialty chemicals. It serves as a key building block in the synthesis of active pharmaceutical ingredients (APIs) due to its reactive functional groups, which allow for further modifications. In agrochemicals, it is utilized in the development of herbicides and pesticides, contributing to crop protection and yield improvement. Additionally, it finds application in the synthesis of fine chemicals and dyes, where its structure enables the creation of complex molecules with specific properties. Its role in these industries highlights its importance in advancing both medicinal and agricultural research.