Used primarily in the field of agrochemicals, this compound serves as a key intermediate in the synthesis of various pesticides and herbicides. Its structure allows it to act as a building block for creating molecules that target specific enzymes or proteins in pests, effectively controlling their growth or eliminating them. Additionally, it finds application in pharmaceutical research, where it is utilized in the development of new drugs, particularly those targeting neurological disorders or infectious diseases. Its versatility in chemical reactions makes it a valuable component in organic synthesis for producing complex molecules with potential biological activity.