Used primarily as a key intermediate in organic synthesis, this compound plays a significant role in the development of pharmaceuticals and agrochemicals. It is particularly valuable in the preparation of sulfonamide derivatives, which are widely utilized in drug discovery for their antibacterial, antiviral, and anti-inflammatory properties. Additionally, it serves as a building block in the creation of heterocyclic compounds, which are essential in designing molecules with specific biological activities. Its reactivity with amines and other nucleophiles makes it a versatile reagent in medicinal chemistry and material science research.