This chemical is primarily utilized in the pharmaceutical and agrochemical industries due to its role as a key intermediate in the synthesis of various biologically active compounds. In pharmaceuticals, it serves as a building block for the development of drugs targeting specific diseases, particularly those involving enzyme inhibition or receptor modulation. Its structure allows for the creation of molecules with potential anti-inflammatory, anticancer, or antimicrobial properties. In agrochemicals, it is used in the formulation of pesticides and herbicides, where it contributes to the development of compounds that effectively control pests or weeds while minimizing environmental impact. Additionally, it finds application in organic synthesis for the preparation of complex molecules in research and industrial settings.