This compound is primarily utilized in the field of agrochemicals as a key intermediate in the synthesis of herbicides. It plays a significant role in the development of selective weed control agents, particularly in crops like rice and wheat. Its structure contributes to the efficacy of herbicides by targeting specific enzymes in weeds, thereby inhibiting their growth without harming the crops. Additionally, it is explored in pharmaceutical research for its potential as a building block in the creation of novel drug molecules, particularly those targeting enzymes or receptors in disease pathways. Its unique chemical properties make it a valuable component in both agricultural and medicinal chemistry applications.