Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and plant growth regulators, where its structure contributes to the effectiveness of the final product. Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic properties, such as anti-inflammatory and antimicrobial agents. Its role in research and development is significant, aiding in the discovery of new compounds with diverse applications in medicine and agriculture.