This chemical is primarily utilized in the synthesis of advanced organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) for various therapeutic agents. Its unique structure allows for the introduction of specific functional groups, enabling the creation of molecules with targeted biological activities. Additionally, it is employed in the production of herbicides and pesticides, where its derivatives contribute to enhanced efficacy and selectivity. The compound’s stability and reactivity make it a valuable building block in organic synthesis, facilitating the development of complex molecules for diverse industrial applications.