Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate in the production of herbicides and fungicides. Its structure allows for effective modification, enabling the creation of compounds that target specific pests or diseases. Additionally, it plays a role in the development of active pharmaceutical ingredients, particularly in the design of drugs with antimicrobial or anti-inflammatory properties. Its versatility in chemical reactions makes it valuable in research and industrial applications for creating specialized molecules.