This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. It is often employed in the development of pharmaceuticals, where its structure serves as a key intermediate in the synthesis of various active compounds. Additionally, it finds application in the production of agrochemicals, contributing to the formulation of pesticides and herbicides. Its reactivity and ability to undergo various chemical transformations make it valuable in material science for designing polymers and specialty chemicals.