This chemical is primarily utilized in the pharmaceutical and agrochemical industries. In pharmaceuticals, it serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting antifungal and antibacterial agents. Its structural properties make it valuable for developing drugs that can effectively combat resistant strains of pathogens. In agrochemicals, it is employed in the creation of pesticides and herbicides, where its specific chemical framework helps in designing molecules that can target and inhibit the growth of unwanted pests and weeds. Additionally, its derivatives are explored for potential applications in material science, particularly in the development of advanced polymers and coatings with specialized properties.