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 neurological disorders, inflammation, and certain types of cancer due to its structural properties that allow for effective interaction with biological targets. In agrochemicals, it is employed in the creation of pesticides and herbicides, where it helps in protecting crops from pests and weeds by inhibiting specific enzymes or metabolic pathways. Its versatility and reactivity make it a valuable component in research and industrial applications.