Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of active ingredients for herbicides and pesticides, where it helps in targeting specific biological pathways in weeds and pests. Additionally, it finds application in the synthesis of complex organic molecules, aiding in the creation of compounds with potential therapeutic properties. Its role in protecting functional groups during chemical reactions makes it a crucial reagent in multi-step synthetic processes.