Primarily utilized in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). It is particularly valued in the development of drugs targeting inflammatory and infectious diseases due to its structural properties. Additionally, it finds application in organic synthesis, where it is used to create complex molecules for research and industrial purposes. Its role in the production of agrochemicals, such as herbicides and pesticides, is also notable, contributing to crop protection and agricultural efficiency.