This compound is primarily utilized in the field of agrochemicals as a key intermediate in the synthesis of herbicides and pesticides. Its structure allows it to act as an effective inhibitor of certain enzymes in weeds and pests, making it valuable for crop protection. Additionally, it is explored in pharmaceutical research for developing compounds with potential antimicrobial and antifungal properties. Its versatility in chemical reactivity also makes it a candidate for further studies in organic synthesis and material science.