Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, it plays a key role in the production of various active ingredients. Its structure is valuable in creating compounds with specific biological activities. Additionally, it is employed in organic synthesis as a catalyst or reagent, facilitating reactions like alkylation or acylation. In industrial applications, it serves as a solvent or stabilizer in certain chemical processes. Its versatility makes it useful in research and development for designing new molecules with potential therapeutic or agricultural benefits.