This compound is primarily utilized in the synthesis of various agrochemicals, particularly as an intermediate in the production of insecticides and herbicides. Its structure allows it to act as a key building block in creating molecules that target pests and weeds effectively. Additionally, it finds application in pharmaceutical research, where it is used to develop compounds with potential therapeutic properties. Its versatility in chemical reactions makes it valuable in organic synthesis, contributing to the creation of complex molecules in both industrial and academic settings.