Used primarily in the synthesis of various pharmaceuticals and agrochemicals, this compound serves as a key intermediate. It is particularly valuable in the production of insecticides and pesticides, where it contributes to the effectiveness of active ingredients targeting pests. Additionally, it plays a role in the development of certain medicinal compounds, aiding in the creation of molecules with therapeutic potential. Its versatility in organic synthesis makes it a useful component in research and industrial applications, particularly in fine chemical manufacturing.