This chemical is primarily utilized in the synthesis of agricultural chemicals, particularly as an intermediate in the production of herbicides and fungicides. Its role is crucial in creating compounds that help protect crops from weeds and fungal infections, thereby enhancing agricultural productivity. Additionally, it finds application in organic synthesis, where it serves as a building block for more complex molecules used in various chemical research and industrial processes. Its stability and reactivity make it a valuable component in the development of specialized chemicals tailored for specific agricultural and chemical manufacturing needs.