Used primarily as an intermediate in organic synthesis, this chemical plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of active ingredients for medications and crop protection agents. Additionally, it finds application in the manufacture of specialty chemicals, where its reactivity is leveraged to create compounds with specific desired properties. In research and development, it is valued for its versatility in chemical reactions, aiding in the exploration of new synthetic pathways and materials.