This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the production of active ingredients for drugs targeting specific biological pathways, particularly in the development of kinase inhibitors and other therapeutic agents. Additionally, its structural properties make it valuable in the creation of herbicides and pesticides, where it contributes to the efficacy and selectivity of these products. The compound is also employed in organic research for constructing complex molecules due to its reactive functional groups, enabling diverse chemical transformations.