Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of herbicides and insecticides, where its structural properties enable effective targeting of pests. Additionally, it plays a role in the development of certain active pharmaceutical ingredients (APIs) for therapeutic applications. Its reactivity and functional groups make it a versatile building block in complex chemical reactions, contributing to advancements in both medicinal and agricultural chemistry.