This chemical is primarily used as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals, agrochemicals, and dyes. It serves as a key building block in the manufacture of active ingredients for medications, including anti-inflammatory and antifungal drugs. In the agrochemical industry, it is utilized in the development of herbicides and pesticides, contributing to crop protection and pest management. Additionally, it plays a role in the synthesis of specialty chemicals and polymers, where its reactive sites enable the creation of complex molecular structures. Its applications are driven by its ability to undergo further chemical transformations, making it valuable in industrial and research settings.