Used primarily as an intermediate in the synthesis of more complex chemical compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it valuable for creating active ingredients in drugs that target various diseases, including anti-inflammatory and antimicrobial agents. In agriculture, it serves as a building block for producing pesticides and herbicides, contributing to crop protection and yield improvement. Its role in organic synthesis is crucial for modifying and enhancing the properties of target molecules, making it a versatile component in research and industrial applications.