This chemical is primarily utilized as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of certain active ingredients used in medications, such as beta-blockers, which are essential for treating cardiovascular conditions like hypertension and arrhythmias. Additionally, it is employed in the manufacture of herbicides and pesticides, contributing to crop protection and agricultural productivity. Its application in research and development also extends to the creation of specialized chemicals for industrial processes, where its unique properties facilitate specific reactions or modifications.