This chemical is widely used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It plays a key role in the synthesis of various active pharmaceutical ingredients (APIs) due to its ability to undergo reactions such as alkylation, hydrolysis, and decarboxylation. Additionally, it is utilized in the development of agrochemicals, including herbicides and pesticides, where its structural properties contribute to the creation of effective compounds. In research, it serves as a building block for the preparation of complex organic molecules, aiding in the study of chemical reactions and mechanisms. Its versatility makes it valuable in industries focused on innovation and development of new chemical entities.