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 compounds that target weed control in various crops, thereby enhancing agricultural productivity through selective inhibition of unwanted plants. Additionally, it is explored in pharmaceutical research for its potential biological activity, particularly in the development of enzyme inhibitors for therapeutic applications. Its stability and specificity make it a valuable component in both agricultural and medicinal chemistry.