Widely used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for therapeutic applications. It plays a significant role in the production of compounds with anti-inflammatory, antiviral, and anticancer properties. Additionally, it is utilized in agrochemical research for creating novel pesticides and herbicides, contributing to crop protection and yield improvement. Its structural versatility also makes it valuable in organic synthesis for constructing complex molecules in medicinal chemistry and material science.