This compound is primarily utilized in the synthesis of various organic molecules, particularly in the development of agrochemicals and pharmaceuticals. It serves as a key intermediate in the production of fungicides, which are effective in protecting crops from fungal infections. Additionally, it is employed in the creation of bioactive compounds that exhibit potential therapeutic properties, making it valuable in medicinal chemistry research. Its unique structure allows for further chemical modifications, enabling the development of tailored compounds for specific applications in both agriculture and healthcare.