It is a specialty chemical primarily used as a key intermediate in the pharmaceutical and agrochemical industries. In pharmaceuticals, it facilitates the synthesis of bioactive compounds, including drugs for infectious diseases with antimicrobial, antifungal, and potential anticancer properties. Its stable, modifiable structure makes it ideal for building heterocyclic compounds essential in medicinal chemistry for therapeutic molecule design. In agrochemicals, it contributes to producing pesticides, fungicides, and plant growth stimulants by effectively inhibiting pathogen and pest growth. Additionally, it supports research in laboratories for exploring novel reactions and developing new drug candidates.