Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized in the development of drugs targeting specific enzymes or receptors, particularly in anti-inflammatory and analgesic formulations. Its structural properties make it valuable for designing molecules with enhanced bioavailability and efficacy. In agrochemicals, it plays a role in creating pesticides and herbicides, contributing to the development of compounds that effectively control pests and weeds while minimizing environmental impact. Its versatility in chemical reactions allows for the creation of diverse derivatives tailored to specific applications. Additionally, it is employed in research and development for exploring novel bioactive molecules, aiding in the discovery of new therapeutic or agricultural solutions.