This chemical is primarily used in the synthesis of various pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it is utilized in the development of pesticides and herbicides, contributing to crop protection and agricultural productivity. Its versatile structure allows for modifications to create diverse derivatives, making it valuable in research and industrial applications for designing new bioactive molecules.