Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of fungicides and herbicides, where its structure contributes to the efficacy of the final product. Additionally, it plays a role in the synthesis of heterocyclic compounds, which are important in medicinal chemistry for creating drugs with diverse biological activities. Its application extends to research laboratories, where it is utilized in the study of chemical reactions and the development of new synthetic methodologies.