This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It plays a significant role in the synthesis of compounds with potential therapeutic properties, such as antihistamines and anti-inflammatory agents. Additionally, it is used in the development of pesticides and herbicides, contributing to the protection of crops and enhancement of agricultural productivity. Its structure allows for further functionalization, making it a versatile building block in chemical research and industrial applications.