This chemical is primarily utilized as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key building block in the production of active pharmaceutical ingredients (APIs) and crop protection agents. Its structure allows for further functionalization, making it valuable in the development of complex molecules. Additionally, it is employed in research and development for creating novel chemical entities with potential therapeutic or agricultural applications. Its role in these industries highlights its importance in advancing drug discovery and agricultural innovation.